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Kensho Stats

FANG is back to trouncing older 'gray chip' tech this month

Reed Hastings, Netflix
Tobias Hase | AFP | Getty Images
Reed Hastings, Netflix

After a blockbuster Netflix earnings report and a breakout by Google shares, a basket of Jim Cramer's FANG stocks is trouncing a basket of older technology shares this month. Disappointing profit reports from Intel and IBM this week only added to the pain.

An equal-weight basket of FANG stocks is up more than 6 percent in October, compared to a 2 percent loss by an equal-weight basket of tech stocks that had their IPOs before 1990, according to CNBC PRO analysis using Kensho.


Here is how the individual members of the FANG basket have performed in October:


And here are the worst performers of the 14-member "gray chip" basket so far this month.

The gray chips were beating 2015's darling FANG names big time heading into October, up 26 percent versus 9 percent year to date as investors sold momentum stocks in favor of higher-dividend names. That has reversed this month on fears interest rates are headed higher, a trend that would hurt big dividend payers and also favor stocks with faster growth.

Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.