Facebook (FB) and Google (GOOG) are outperforming the market (SPY) and their fellow "FANG" stock compatriots, Amazon (AMZN) and Netflix (NFLX), after a very successful earnings period.
Here's a quick breakdown of their Year-to-date returns in 2016:
Now over to a 6-month performance chart.
You can see FB and GOOG (in light blue) are neck and neck for the period, both up 21%. AMZN is still holding on to a gain of nearly 4%, while SPY is down 9% and NFLX is down 18%.
The past week was a marked turnaround for FB and GOOG. As recently as late January, all the FANG stocks were in the red YTD, largely underperforming the SPY and stronger defensive stocks. Facebook and Google are now leading the pack, with FB even outperforming some of the defensive names (utilities, cigarettes, REITs) that had shown their strength early on in 2016.
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