Coronavirus Market Sell-Off: Should You Buy FAANG Stocks Right Now?
The rapid spread of the coronavirus pandemic has plunged the economy into its first bear market in more than a decade. History has shown that when panic is at its peak is generally the best time to buy stocks -- especially strong, well-run companies with a long track record of success.
Some of the best-known technology companies in the world have also been among the best performers over the past decade. Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), Netflix (NASDAQ: NFLX), and Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) -- make up the vaunted FAANG acronym. While not part of this group, another company that has produced remarkable gains is Microsoft (NASDAQ: MSFT).
Let's look at the pros and cons of each of these market leaders as it relates to the current situation and whether they warrant your consideration now.
Source Fool.com
