FYI: Just one year ago, the group of five FAANG stocks was on top of the world. The cohort’s shares had climbed 52% over the previous 12 months, handily besting the S&P 500’s 13% rise over the same period. Investors giddily piled into the buzzy technology names— Facebook (ticker: FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Google parent Alphabet (GOOGL)—enamored with their explosive user growth and booming revenues.
A counter-index of the five largest nontobacco consumer-staples names looked downright shabby in comparison. The so-called WPPCK group— Walmart (WMT), Procter & Gamble (PG), PepsiCo (PEP), Costco Wholesale (COST), and Coca-Cola (KO)—rose just 6% from summer 2017 to summer 2018, not including dividends.
Regards,
Ted
https://www.barrons.com/articles/move-over-faangs-here-come-the-wppcks-51561716900?mod=past_editions
