Loading ...- John Roque, technical analyst at Wolfe Research, believes a group of gold miners he coined as ‘BAANG’ are better plays than mega-cap FAANG names as the popular growth stocks might have reached their peaks and have started losing steam.
- “We made this index BAANG in homage to the fading FAANG.” Roque said. These gold miners are “much like gold. So gold has broken out but it’s still down way from its highs in the 1900 thereabouts and we think both gold and those stocks have more room.”
- BAANG stocks are Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada and Gold Fields.
Comment:
Guy above sounds like he knows what hes talking about. Those 5 miners am very familiar with. Are good companies. If the trend continues the mutual fund managers target the big caps. They have too much money for smaller caps. The Canabis stocks may be taking a back seat now to the PMs. (Precious Metals Miners)