2 FAANG Stocks to Buy Now
FAANG stocks, which includes Meta Platforms (NASDAQ: META), previously called Facebook, Amazon (NASDAQ: AMZN), Apple, Netflix, and Alphabet, previously called Google, have all seen dramatic share price declines after their respective third-quarter earnings results.
Long considered the darlings of the stock market, these tech giants have more recently been pressured by a combination of adverse factors. This includes an economic slowdown, rising inflation, supply chain challenges, intense competition, and increasing investor preference for value over growth stocks.
However, all is not lost yet. While a positive reset in tech valuations is awaited, Meta Platforms and Amazon are still fundamentally strong companies. Here's why they can prove to be attractive picks in the current market environment.
Source Fool.com
