n Personal Finance Newsletter - Tech stocks : flying too high? : markets
|Article Title||Tech stocks : flying too high? : markets|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||May 2016|
|Pages||13 - 14|
Tech stocks, outperforming the market in 2015, have had a wobble in 2016 - forcing many investors to question whether the high-flying tech sector is facing an implosion of the sort we last saw 16 years ago. The FANGs (Facebook, Amazon, Netflix and Google), which drove technology gains last year, have faltered. Netflix, which gained 134% last year, is down 16% so far in 2016. Amazon, up 118% in 2015, has lost 17%.
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