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 Stocks Continue To Lead The Market Higher

fang stock chart
How pretty is that chart?

The Fang Stock Index continues to make new highs. Now each Facebook, Amazon, Netflix and Google are up year-to-date and all pushed the average higher this week.

Tell me that chart doesn't look like a straight line.

Here's what it means for stocks.

If Tech Leaders Lead The Market Follows

As you know we've been expecting Fang stocks to continue to make new highs (here here here).

If the tech leaders are leading the rest of tech most likely follows as can the rest of the market.

And that's exactly whats going on.

The stock market's been hitting new recent highs breaking out from key levels as we've been expecting (here here here).

Stocks stopped going down on bad news and so they had no problem to go up on good news on Friday. That's why we look at market action. As we wrote (read about "action" here here here), when you get bad news and good action, that's very bullish.

Earnings Driven

Stocks exist because investors want to share in a company's earnings. That's why we're all here caring about the market.

It's earnings that really matter most.

So even with all the back and forth by global leaders about this or that the market has no problem moving higher. Why? Simply, the market is a collection of stocks where earnings are doing better.

Earnings are what matters.

And for the leaders, the components of FANG each have an improving earnings story.

Netflix earnings story is getting nuts.  Amazon's is getting better. Facebook was amazing and Google, even with its size has accelerating revenue growth.

When you have the comfort that earnings are getting better you can start to understand why the market's not going down on bad news any more.

That's very bullish.


All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues.

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