Despite a late-week market selloff, three of the four “FANG” stocks hit new all-time highs this week. Amazon.com, Inc. AMZN 0.23%, Facebook Inc FB 0.17% and Netflix, Inc. NFLX 1.09% all set new all-time intraday highs on Tuesday morning, and Google parent Alphabet Inc GOOGL 0.05% came within about $1 of doing the same.
Collectively, the four stocks have been referred to as “FANG” stocks ever since CNBC analyst Jim Cramer and RealMoney.com analyst Bob Lang used the term on an episode of Mad Money back on February 5, 2013.
“Put money to work in the companies that represent the future,” Cramer said at the time. “Put money to work in companies that are totally dominant in their markets, and put money to work in stocks that have serious momentum.”
Cramer and Lang identified Facebook, Amazon, Netflix and Google as the four companies that exemplified this investment philosophy at the time, and there call ended up being on-target.
Since the day the show aired, the SPDR S&P 500 ETF Trust SPY 0.32% is up 55.2 percent. Here’s a look at how each of the FANG stocks has performed in that same four-year stretch:
- Facebook: +391.0 percent
- Amazon: +218.2 percent
- Netflix: +471.2 percent
- Google: +119.4 percent
Cramer critics often point out…
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