Alphabet (GOOG) (GOOGL), formerly listed as Google, is the “value” pick from the gang of high-growth, high-tech darlings in October 2020. The original FANG subset of Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google has expanded in 2019-20 to include a few extra fad stocks carrying the bulk of gains in the U.S. stock market the last several years. Adding Apple (AAPL), Adobe (ADBE), Nvidia (NVDA), Microsoft (MSFT) and Tesla (TSLA), we have a nearly comprehensive collection of the names keeping the Nasdaq 100 and S&P 500 indexes afloat during the late stages of the 2019 economic upturn and this year’s coronavirus recession. Together the nine companies account for $7.97 trillion (23%) of today’s total U.S. stock market value of $34.47 trillion, as measured by the Wilshire 5000 index.
When analysts say we are in a 1990s-type Tech Bubble 2.0, they are not kidding. In fact, the present overall 180%