Two portfolio managers were split on whether investors should be putting their money into FANG stocks — Facebook, Amazon, Netflix, or Google (which now trades as Alphabet).
Although the stocks have fallen this week, David Sowerby, portfolio manager at Loomis & Sayles & Co., said he thinks Amazon, Alphabet and Facebook could be good investments. Looking at those names solely from a price-to-earnings standpoint leads to missing out on “long-term shareholder creation,” he told CNBC’s “Closing Bell” on Friday.
