If there’s one thing Wall Street truly loves, it’s a good acronym. It makes it easy to market products and funds to investors. BRICS, anybody? While most of these marketing acronyms and terms don’t usually live up to their promise or hype, occasionally one does. In this case, we are talking about the FANGs.
The four horsemen of technology have surged over the last few years and provided great wealth for their founders and investors. And their dominance of their respective markets continues to this day. There’s no denying that Facebook (FB ), Amazon (AMZN ), Netflix (NFLX ) and Google (Alphabet) (GOOG ) were and still are great investments.
That is unless you’re looking for dividends. Despite being the biggest names in tech, the FANGs are incredibly stingy with their cash. The hope is that one or more start handing it over.
Social media and dividends don’t mix. Find out why here.
Love him or hate him, Jim Cramer did something right when he created the so-called FANG stocks during a segment of his Mad Money show.