Sector in Focus: FANG Tech Stocks

After taking a hard hit last Friday, US mega-tech FANG stocks extended their losses this week. What is the Morningstar analyst view? 

Karen Kwok 13 June, 2017 | 12:04AM

The US mega-cap tech firms known as the FANG stocks extended their losses yesterday this week, following last Friday’s fall.

FANG is the acronym for four mega-cap technology stocks that have been driving the NASDAQ to new highs this year. Prior to the hiccup last week, the tech-heavy NASDAQ climbed to a new record closing high, to 6,322 on June 8. The index is now down 2.3% from that level.

Shares of FANG stocks Alphabet (GOOG), Facebook (FB) and Amazon (AMZN) are all down more than 4%, from their previous high levels on June 8. Other tech stocks are also affected; Microsoft (MSFT) has also fallen 3%, while Apple (AAPL) is down 6.2% over the same period. They are all rated three-star by Morningstar analysts, meaning analysts believe these stocks are trading at their estimated fair value.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc Class C1,421.59 USD-4.28
Amazon.com Inc2,009.29 USD-4.14
Apple Inc298.18 USD-4.75
Microsoft Corp170.89 USD-4.31
Netflix Inc368.70 USD-2.99
Scottish Mortgage Ord612.73 GBX0.53

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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