All 4 'FANG' Stocks - FB, AMZN, NFLX, GOOGL - Just Hit New Highs

In what finished as a strong day for the broad technology market, shares of all four so-called “FANG” stocks—Facebook (NASDAQ:FB) , Amazon (NASDAQ:AMZN) , Netflix (NASDAQ:NFLX) , and Alphabet (NASDAQ:GOOGL) —touched new all-time highs during regular trading hours Monday.

Just days after December volatility threatened to end tech’s stranglehold on Wall Street, large-cap tech stocks are once again soaring to new peaks. Netflix moved about 1% higher to touch a new all-time high of $212.50 per share, while Facebook gained about 0.75% on the day and briefly reached a new high of $188.90.

Meanwhile, shares of Amazon—in the wake of founder Jeff Bezos joining Hollywood’s finest at the Golden Globes—gained nearly 1.45% to finish the day near its new intraday trading high of $1,253.08. Alphabet had the group’s most modest day, surging as much as 0.8% to a new high of $1,119.16 but eventually settling about 0.35% above Friday’s close.

Originally coined by CNBC’s Jim Cramer several years ago, the FANG group looks a lot different than it once did. What was once a collection of opportunistic growth stocks is now an acronym that represents dominance throughout the technology sector—and they all own a solid share of the market in their respective industries.

The majority of these companies celebrated some of their recent success at Sunday night’s Golden Globes ceremony, with Netflix and Amazon notching several more marquee award nominations and Facebook broadcasting the red carpet even live on its platforms.

Meanwhile, attendees of this year’s CES conference, which takes place in Las Vegas this week, will have their eyes on all of these brands. Most notably, it will be a battle to see whether Amazon’s Alexa or Google Assistant emerges as the top AI system implemented into consumer technology this year.

It has been a lively start to the year for the entire FANG group. It is still too early to tell whether tech’s market-leading run will last throughout 2018, but the FANG stocks have clearly already announced their intentions in the first few days of the New Year.

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