FYI: It’s easy to hate the Faang stocks. It’ll be harder to make them go away.
The Faangs— Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOGL), the company formerly known as Google—certainly took it on the chin from critics and investors this past week. The former are alarmed at big tech’s ubiquity and its impact on everything from worker pay, politics, and social interactions. The latter see inflated stock prices, risks of antitrust action, and a sector that is out of step with dominant themes of rising rates and increasing inflation. After years of outperformance, some would argue, it’s time to bail on what were once the market’s hottest stocks.
Despite these woes, it’s not time to dump the Faangs just yet. While these concerns could limit gains in the short term, other factors suggest they have more room to run.
Regards,
Ted
http://www.cetusnews.com/business/The-Faangs-Have-Room-to-Run.B1eabMmwEf.html
