1 FAANG Stock to Buy Right Now and 1 to Avoid
The unique challenges wrought by the pandemic made it a boom or bust year for many stocks. As a result, the vaunted FAANG stocks -- Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- each outperformed the S&P 500 and did so by a wide margin. The increased need for social media, e-commerce, communication, in-home entertainment, and internet tools gave each company a significant boost during 2020.
Alphabet stock was the worst performer of the group, up 31%. That was still nearly double the 16% returns of the broader market. Apple was the undisputed winner among the FAANG stocks, with stock price gains of 81%.
The recent rotation out of technology and high-growth stocks has some investors abandoning the tech titans over concerns that their best days are behind them. A quick look at these industry leaders shows that one of them still represents a compelling opportunity and should be on every investor's buy list, while one has significant challenges ahead.
Source Fool.com
