Last October, I mentioned many of the hot growth stocks were companies that don’t make profits, and that some quality stocks are being overlooked.
Fast forward six months, and many of those high-flyers are now down-in-the-dumps. And now people are going the safe rout and taking their portfolios from aggressive growth stocks to conservative stocks, I think the way to go is to overweight FANG stocks, which are still the REAL leaders of this digital uprising.
The acronym FANG stands for Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google — now named Alphabet (GOOGL). But this list leaves out some quality juggernauts like Apple (AAPL) and Alibaba (BABA). I included these stocks to turn FANG to FAAANG.
6 months ago my analysis points to these FAAANG stocks having 28% upside when we look to 2021. Today, I see 32% upside in these same names by year end. FANG stocks are back baby!
