Shares of Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN) skyrocketed to all-time highs in 2021 amid the buying frenzy in higher-growth tech stocks. But both stocks collapsed over the past year as rising interest rates drove investors toward more conservative investments.
Netflix's stock now trades nearly 60% below its all-time high of $691.69 from November 2021. Amazon's stock has also declined more than 50% since it closed at its historic high of $186.57 in July 2021. Should investors buy either of these fallen FAANG stocks as the bear market drags on? If both are viable, which is the better buy right now?
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Source Fool.com