FANG and FAANG have outperformed the Magnificent Seven by at least 2 times YTD (1 Jan to 26 Jan 2024)!
Hello Mooers, ![]()
A short overview of equal weighted FANG, FAANG, and the Magnificent Seven YTD performance (1 Jan to 26 Jan 2024), rounded to 5 decimal places.
Mooers may be wondering what FANG, FAANG, and the Magnificent Seven are.
The acronym FANG stands for four popular American stocks in 2013: Facebook (Meta), Amazon, Netflix, and Google (Alphabet). Apple was later added to the FANG, forming the FAANG in 2017.
The Magnificent Seven was coined in 2023, ten years after FANG.
A quick overview of the stocks and their YTD performance inside FANG, FAANG, and the Magnificent Seven is provided below. ![]()
FANG
$Meta Platforms(META.US$ 11.35%
$Amazon(AMZN.US$ 4.73%
$Netflix(NFLX.US$ 17.16%
$Alphabet-C(GOOG.US$ 9.13%
Magnificent Seven
$NVIDIA(NVDA.US$ 23.24%
Meta Platforms 11.35%
Alphabet-C 9.13%
$Microsoft(MSFT.US$ 7.42%
Amazon 4.73%
Apple -0.06%
$Tesla(TSLA.US$ -26.25%
If you can only own one of them in 2024, which one will you choose? ![]()
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That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and adios! ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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