MS: FAANG Hot Streak Coming To An EndRupert Hargreaves
Facebook, Apple, Amazon, Netflix, and Google (Alphabet) have been the market's top stocks in 2017, but what does next year hold for these tech behemoths collectively known as the FAANGs?
According to a recent research note from analysts at Morgan Stanley, collectively the FAANGs have added 4.3 percentage points of market capitalization to the S&P 500 this year, around 24% of the aggregate market cap added since the beginning of the year.
- exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible