After eating the dust of growth stocks for a decade, the value investing strategy has come out ahead this year.
Some of the growth stocks that led last year’s returns either experienced altitude sickness or slowed. Alphabet (NASDAQ:GOOGL) shed 2% year to date after gaining 46% in 2015. Facebook (NASDAQ:FB) gained 19% after a 32% year. Amazon (NASDAQ:AMZN) is up 11% compared to 123%. Mostly notably, Netflix (NASDAQ:NFLX) has caved 20% after starring as the best performing stock last year, gaining 140%. The S&P 500 so far this year has gained 6.6%.
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