Amazon Gets the 'Gold Star' for FANG Stock Earnings: Video

FANG earnings are in - and Amazon (AMZN) - Get Report was the winner.

"Amazon definitely gets the gold star," said market strategist Nick Colas, co-founder of DataTrek Research, adding that this is the quarter where the FANG trade deteriorated and people started to realize that these are all separate companies.

FANG stands for Facebook (FB) - Get Report , Amazon, Netflix (NFLX) - Get Report and Alphabet's Google (GOOGL) - Get Report . It was an acronym coined by TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.