FYI: It wasn’t long ago that investors were placing odds on the first U.S. stock to reach a trillion-dollar market value. Apple won the race, crossing the symbolic mark in early August. Amazon.com followed suit, though its trillion-dollar dalliance lasted less than a day. For most tech stocks, it has been downhill ever since. Now the talk is about a trillion-dollar meltdown. The FAANGs—a basket of high-growth technology companies that includes Facebook , Amazon, Apple, Netflix , and Alphabet —have lost $1.1 trillion since their peaks. This month alone, the loss comes to $400 billion. Each of the FAANGs has sustained drops ranging from 20% to 40%. Among the list of top 10 S&P 500 tech stocks in 2018, Netflix is now the only FAANG to make the cut.
Regards,
Ted
https://www.barrons.com/articles/facebook-apple-amazon-netflix-google-which-tech-stocks-to-buy-now-1543021775
