The internet stocks are showing relative price strength after a year of price consolidation and will likely lead the NASDAQ to new highs in 2015. The largest companies by market cap in the Dow Jones Internet Composite index are listed above. Notice that Facebook (FB) and Google (GOOGL & GOOG) make up approximately 20% of the index alone. Google has been moving sideways for the majority of 2014 and I think is modestly valued relative to other technology companies. FDN is the largest ETF that tracks this index.
