THKS – the (g)love story

Table one

ONE of the strongest outperformances in the US market today is the technology sector and a recent chart showed how the “FAAMG” stocks have performed so well despite the rich valuations., trading at just below 30x price-to-earnings (PER) ratio.

For those not in the know, the acronym “FAAMG” stands for Facebook, Amazon, Apple, Microsoft and Google and this was coined by Goldman Sachs in 2017. In fact, that abbreviation is an evolution to the original acronym of four original stocks – “FANG”, which stood for Facebook, Amazon, Netflix and Google.