Buy This FAANG Stock During the Tech Sell-Off
The stock market has been under an immense amount of stress recently, and it's not hard to see why. Inflation has surged to 40-year highs, the Fed has begun boosting interest rates in response, and a host of macroeconomic issues have been exacerbated by Russia's invasion of Ukraine.
Even big tech has lost its mojo. Consider the FAANG stocks: Meta Platforms (aka Facebook), Amazon, Apple, Netflix, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) (parent company of Google). These five premier U.S. technology companies are down by an average of more than 30% year to date.
Of the group, Alphabet wears the crown for best investment opportunity at the moment. Down 20% year to date, its valuation has become increasingly attractive, and it has maintained its success on the financial front. In a stock market that is rife with uncertainty, Alphabet grants investors an excellent combination of growth potential and security -- and a rare chance to acquire one of the world's top companies at a historically cheap valuation.
Source Fool.com
