Tom Plumb comments on why he’s looking at the payments sector as an alternative to FANGs. Looking for companies that have high recurring revenue and high growth, he believes the “payments space” is the place to be.
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Definitions of terms and indices
FANG is the acronym for four high-performing technology stocks: Facebook, Amazon, Netflix and Google (now Alphabet, Inc.).
Price to Earnings (P/E) Ratio is a common tool for comparing the prices of different common stocks and is calculated by dividing the current market price of a stock by the earnings per share. The P/E ratio is not a measure of future performance or growth.
S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance.
One cannot invest in an index.
References to other mutual funds should not be considered an offer to buy or sell these securities.