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UBER - Comparing 'FANG' Stocks With 'MADGAG' Also We Closed S&P At 3120; My Top: 3150; Hedge
Uber Technologies Inc.
FANG Vs. MADGAG
From FANG = Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOG) (GOOGL) to MADGAG = Microsoft (MSFT), Apple (AAPL), Disney (DIS), Alphabet, Amazon, and General Electric (GE)
Last week (November 8), I made the argument that FANG is no longer representative of this rally. When the FANG acronym was coined a few years ago, the total motive power of the rally was big cap tech names. Today the leadership has changed and MADGAG is my attempt to describe the market leadership. I don't know if this is the best list, or