Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead
Buying shares of top tech stocks Facebook, Apple, Amazon, Netflix, and Alphabet (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations creeping up and the cheapest of those stocks (Apple and Facebook) trading at a forward price-to-earnings (P/E) multiple of more than 26, they aren't as promising when compared to other growth stocks.
If you are looking to make the most of your investment dollars, you should consider buying shares of Pfizer (NYSE: PFE), Oracle (NYSE: ORCL), and UPS (NYSE: UPS) instead of FAANG. They have strong, growing businesses and they are much cheaper buys.
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Source Fool.com
