Given the abrupt and surprising declines in so-called FAANG stocks starting Friday and extending into Monday, it’s time for an objective assessment of fair value for each of the companies. To begin, the companies are not the same; there are material differences. The companies are Facebook FB, -0.78 Apple AAPL, -2.39Amazon AMZN, -1.37Netflix NFLX, -4.17 and Google GOOG, -0.73 GOOGL, -0.86 However, there is a resounding similarity in that, together, they have been the driving force behind the Nasdaq 100’s NDX, -0.59 rise this year. That relationship has prompted analysts to lump them together. And, until Friday, investors were buying the stocks in tandem, but as we learned, that can be risky.via