Time for FAANG stocks to break up, at least in investors’ minds

More solo acts than supergroups, FAANGs actually have a lot less in common than many investors think, writes Nir Kaissar

12th August, 2018
3

Facebook, Apple, Amazon, Netflix and Google parent Alphabet can’t get away from one another. Every time one grabs the spotlight — as Apple did last week when it became the first US company with a $1 trillion market value — it brings along the other four.

They’re alternately hailed as the hot stocks, technology’s brightest lights and indispensable growth companies, and jeered as a worrisome sign of a frothy and top-heavy market. But look...

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