FANG Tech Stocks Crash on Trump ‘Trust-Buster’ Risk
by CHRISS W. STREET
BreitBart.com
17 Nov 2016
With a 9 percent crash of “FANG” tech stocks in the post-election stock boom, Wall Street is fretting that President Donald Trump could be a modern day “trust-buster.”
There had been a stunning double digit underperformance of tech stocks versus other market sectors since Donald Trump’s election triumph. The ground zero for that reversal of fortunes involved the U.S. tech behemoths, dubbed the “FANG” stocks (Facebook, Amazon, Netflix and Google).
FANG performance dominated stock performance over the last two years. The group rose 83 percent in 2015, compared to only 1.19 percent for stocks in the Standard & Poor’s 500. FANG stocks continued their leadership this year with a 15 percent gain through the end of September, versus 5.9 percent for the S&P 500.
The biggest contributor to FANG companies’ success had been the wildly favorable U.S. regulatory environment they enjoyed under the Obama administration. Prior to November 8, FANG expected a more supportive relationship under President Hillary Clinton.
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