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FANG stocks – the world’s most crowded trade – burn investors who held into earnings

July 26, 2018

Via: CNBC

The hottest trade of the bull market burned investors when it was time to actually show results. Investors holding the so-called FANG stocks are taking a pummeling as the tech companies report second-quarter earnings. Google-parent Alphabet was the only stock to rise the day of its most recent report, while Netflix dropped over 5 percent and Facebook took a 19 percent beating on Thursday. Amazon is set to report Thursday after the bell.

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