Collectively, technology growth giants Facebook Inc FB 0.44%,Amazon.com Inc. AMZN 0.01%, Netflix, Inc. NFLX 0.96% andAlphabet Inc GOOGL 0.22% have become known as the FANG trade.

These four stocks have set the market on fire in recent years, and each is up more than 122 percent since the beginning of 2013.

However, two months into this year, it looked like the FANG trade may have lost its bite in 2016. At the end of February, only Facebook (+4.6 percent) was positive on the year, while Alphabet (-5.5 percent), Amazon (-13.3 percent) and Netflix (-15.1 percent) were all severely lagging the S&P 500.

Once the market rebounded from its February lows, most of the FANG stocks re-gained their spots at the helm of the bull market. This week, Facebook and Amazon both made new all-time highs, and Alphabet is now within $10 of its all-time high.

Netflix is the only laggard remaining. The stock is still struggling…

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