2 FAANG Stocks to Buy Before 2022 Ends
FAANG stocks dominated the stock market for a decade, but this year the elite group of stocks has fallen flat. Meta Platforms, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon, Netflix (NASDAQ: NFLX), and Apple have all fallen this year, and all but Apple have underperformed the Nasdaq.
However, 2023 could bring a change for these big tech stocks. Already, investors seem to be eyeing any sign that the Fed could pivot its monetary policy. The Nasdaqjumped more than 4% on Wednesday after Fed Chair Jerome Powell said the central bank may start to slow the pace of rate hikes at its December meeting.
If inflation continues to moderate in 2023, tech stocks seem likely to start rebounding after a disastrous 2022, as they've been hit hard by rising interest rates. Before we flip to the new year, here are two FAANG stocks to buy in the likely comeback in 2023.
Source Fool.com
