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Will FANG Stocks Slump under Trump?Next month, Donald Trump takes office… How will tech stocks fare?

The market’s already making bets on stock winners and losers.

With infrastructure projects in the works, big-equipment stocks look like big winners: Deere & Company (NYSE:DE) (+16%), Caterpillar Inc. (NYSE:CAT) (+16%) and the Industrial Select SPDR (NYSEARCA:XLI) (+12%). These stocks soared on the giddy anticipation of government spending.

What isn’t benefitting from the election? Tech.

The Technology SPDR (NYSEARCA:XLK) is limping along with a scant 1% gain. Some of the biggest names in tech—Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT)—are both below even that lame gain.

So what’s going on? Well… it’s complicated. In a nutshell, the new guys headed to the White House simply don’t much like the sector and are in the process of challenging their models.

The majority of Silicon Valley CEOs showed little support for the Trump candidacy. Trump’s talk of cracking down on immigration, imposing tariffs for imported goods, and reconsideration of privacy (customer information and national security) gets their knickers in a knot.

How will FANG (Facebook, Amazon, Netflix and Google) stocks fare under President Trump?

Let’s take a look at these 4 stocks before deciding how to proceed.  But first, let’s look at an outsider that appears to be in trouble, but just might surprise you…

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