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
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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