The name “Nifty Fifty” referred to 50 popular large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were regarded as the major movers of the Dow Jones Industrial Average. The name “Nifty Nine” became popular in November 2015 and consists for the four “FANG” stocks (Facebook, Amazon, Netflix, Google) plus Priceline, Ebay, Starbucks, Microsoft and Salesforce.
Helene Meisler wrote “The Nifty Nine” on Twitter on November 3, 2015, and again on Twitter on November 6, 2015. Meisler used “Nifty Nine” on Real Money on November 10, 2015.
“Fangs and Nifty Nine power US equities” by John Authers, published in the Financial Times on November 27, 2015, stated:
“Some talk about the Fang stocks — Facebook, Amazon, Netflix and Google — while Ned Davis Research refers to the Nifty Nine, which adds Priceline, Ebay, Starbucks, Microsoft and Salesforce. (Note that Apple appears on neither list.)”
Wikipedia: Nifty Fifty
Nifty Fifty refers to the 50 popular large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks.
The fifty are credited with propelling the bull market of the early 1970s. Most are still solid performers, although a few are now defunct or otherwise worthless.
The long bear market of the 1970s that lasted until 1982 caused valuations of the nifty fifty to fall to low levels along with the rest of the market, with most of these stocks under-performing the broader market averages.
@hmeisler Helene Meisler Retweeted Guillermo :(
The Nifty Nine Helene Meisler added,
Guillermo :( @groditi
Since 9/29, SPX has gained 232 points. 9 companies accounted for 58.6 (25%) of those gains
2:18 PM - 3 Nov 2015
@slightfan yes but as long as certain stocks go up multiple dollars every day why fuss? Nifty Nine
6:12 AM - 6 Nov 2015
Phew! Bad Breadth Abates for a Day
By HELENE MEISLER | NOV 10, 2015 | 8:00 PM EST
All in all for such a mild day in the market there was a lot happening under the surface. It wasn’t just the Nifty Nine that rallied, and folks seemingly loaded up on puts.
Does Amazon Remind You of Qualcomm?
By HELENE MEISLER Follow | NOV 11, 2015 | 8:00 PM EST
I kept thinking we’d see a rally before we came down, but it seems the only place we’re seeing rallies is in the Nifty Nine; everything else is left to dribble lower or languish.
Financial Times (video)
The nifty nine
Nov 24, 2015 : John Authers reports on a worryingly narrow US stock market. Nine stocks are up 60 per cent between them, even as the overall market is flat.
@johnauthers The “Nifty Nine” - Yet another example of how today rhymes with the late 1960’s/early 1970’s.
8:59 AM - 25 Nov 2015
FANG = Facebook + Amazon + Netflix + Google
Nifty Nine = FANG + Priceline, eBay, Salesforce, Starbucks & Microsoft
8:59 AM - 25 Nov 2015
THE LONG VIEW November 27, 2015 8:40 am
Fangs and Nifty Nine power US equities
Some talk about the Fang stocks — Facebook, Amazon, Netflix and Google — while Ned Davis Research refers to the Nifty Nine, which adds Priceline, Ebay, Starbucks, Microsoft and Salesforce. (Note that Apple appears on neither list.)
Diversification Is For Dummies - The Nifty Nine Never Mattered More
Submitted by Tyler Durden on 11/27/2015 19:05 -0500
From the 4-horsemen of the dotcom exuberance (and apocalypse), to today’s so-called FANG and NOSH stocks, and now ‘Nifty Nine’, investors could be forgiven for ignoring the benefits of stock market diversification that every commission-taking, fee-gathering asset-collector promotes and going all-in on a few ‘easy to select’ stocks to make the quick buck that everyone believes is their right as an American taxpayer. While the S&P languishes unchanged in 2015, these small groups of overwhelmingly propagandized stocks are up on average over 60%, but with a collective P/E of 45, they are not cheap (and perhaps should remember that when buying this momo, we are all Thanksgiving turkeys).
New York City • Banking/Finance/Insurance • Saturday, November 28, 2015 • Permalink