Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers. Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a free trial here . All investments have many risks and can lose principal in the short and l
FANG FAAMG Tech Boom Coming: Sorry Goldman
Goldman decided to go bearish on their own version of FANG called FAAMG. FANG is Jim Cramer's well known acronym for Facebook, Amazon, Netflix and Google.
FAAMG??? It’s
FANG!
First, we had
a rant on Goldman where investing.com
quoted us as saying,
“Goldman, c’mon, you can’t just change a catchy moniker to whatever you want. You can't call them FAAMGs after Jim Cramer coined the term FANG. Cramer's call is what it’s going to be. You can’t just call it whatever you want and include whatever stocks you want. Some things are sacrosanct in this business. If Cramer coins a term we all need to abide by it.”
As we all know what Cramer says goes.
Key Stat
Everybody Needs to Pay Attention To
OK now with that out of the way, the key stat that we don’t see anybody talking about is productivity.
Productivity is on its tail but previous moves up took technology stocks with it a la the 1990s.
Here’s the chart. A picture speaks a 1000-clicks (words).
Conclusion
If you look at the ‘90s’ productivity bottomed, taking the stock
market higher with it.
With self-driving-this and AI-that we’re probably going into another
technology stock tech boom thanks to productivity taking FANG, FAAMG, NASDAQ and every other four-letter, five-letter acronym under the sun up with it.
That’s one more reason not to be a bear.
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money and any investor should understand the risks. #in, $spy, ^GSPC,
INDEXSP:.INX, CME Globex: ES, $qqq, #fang, $amzn, $fb, $msft, $nflx, $goog.