Reuters: U.S. tech funds turn to Visa, Paypal as FANGs fade

10/24/2018
Tom Plumb comments on why he's looking at the payments sector as an alternative to FANGs. Looking for companies that have high recurring revenue and high growth, he believes the "payments space” is the place to be.

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Definitions of terms and indices

FANG is the acronym for four high-performing technology stocks: Facebook, Amazon, Netflix and Google (now Alphabet, Inc.).

Price to Earnings (P/E) Ratio is a common tool for comparing the prices of different common stocks and is calculated by dividing the current market price of a stock by the earnings per share. The P/E ratio is not a measure of future performance or growth.

S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance.

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Read 21 times Last modified on Thursday, 27 December 2018 18:38