One Top FAANG Stock That Should Crush the Market in 2023

Are you seeking a relatively safe way to invest in this uncertain economic environment? In that case, investing in one of the mega-cap FAANG stocks is an excellent idea, as they have the resources to weather any market downturn.

What is a FAANG stock? It is an acronym investors use to describe some of the most prominent companies in the tech sector. Originally the acronym was FANG for Facebook, Amazon (NASDAQ: AMZN)Netflix, and Google. The acronym became FAANG in 2017, when investors started including Apple.

One FAANG stock that captured many investors' attention lately is Amazon, which looks like it's turning the page from a tough year in 2022 by starting 2023 with a bang. The stock is up 31.26% year to date, beating the S 500 index returns of 7.41%.

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Source Fool.com