Beware the FAANGS of Nasdaq
Facebook, Amazon, Apple, Netflix, Google have a disproportionate impact on the index, both bullish and bearish
Add BT as a preferred sourcePOISON is ingested by eating or breathing. Venom is injected, usually by fangs. However the result is usually the same, as Nasdaq and investors have discovered.
The FAANGs stocks injected a dose of venomous volatility into the Nasdaq and some have wildly suggested that it is a precursor to a repeat of the tech crash. Those investors overweight with FAANG stocks ingested the results, and it has poisoned their portfolio performance.
Facebook, Amazon, Apple, Netflix and Google - the FAANG stocks - have an inordinately large weighting on the NASDAQ so any change in their financial health has a disproportionate impact on the index, both bullish and bearish.
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