Are the FAANG Stocks Still Good Buys Today?
Over the past few years, the five FAANG stocks -- Facebook, Amazon, Apple, Netflix, and Google parent company Alphabet -- consistently generated big gains for investors.
Each of these companies dominate their respective markets. Facebook owns the world's largest social network, Amazon is the top e-commerce and cloud platform company, and Apple is currently the No. 1 smartphone maker. Netflix owns the largest premium streaming video platform, and Google owns the largest online search engine, free streaming video site, mobile OS, and web browser.
The FAANG stocks are often considered growth stocks, but their deep pockets, wide moats, and recession-resistant businesses also make them reliable defensive plays during market downturns.
Source Fool.com
