Watch 11 market experts debate FANG stocks and the tech sector
https://www.cnbc.com/2018/08/04/apple-amazon-google-netflix-facebook-stocks.html
Before Apple's record run to $1 trillion on Thursday, the tech sector was almost in trouble. The so-called FANG group—made up of Facebook, Amazon, Apple, Netflix and Google's parent Alphabet — was in correction mode by Monday, and market watchers were talking about a move out of the high-growth companies.
"We see kind of a rotation away from those leadership areas in tech — in particular FAANG and similar names — moving toward financials, moving toward energy," Tobias Levkovich, chief U.S. equity strategist at Citi, said Monday on "Squawk on the Street." "Kind of a growth-to-value rotation."
Watch 11 market experts debate FANG stocks and the tech sector
Aug 4, 2018, 1:14pm UTC
https://www.cnbc.com/2018/08/04/apple-amazon-google-netflix-facebook-stocks.html
> Before Apple's record run to $1 trillion on Thursday, the tech sector was almost in trouble. The so-called FANG group—made up of Facebook, Amazon, Apple, Netflix and Google's parent Alphabet — was in correction mode by Monday, and market watchers were talking about a move out of the high-growth companies.
> "We see kind of a rotation away from those leadership areas in tech — in particular FAANG and similar names — moving toward financials, moving toward energy," Tobias Levkovich, chief U.S. equity strategist at Citi, said Monday on "Squawk on the Street." "Kind of a growth-to-value rotation."