The FAANG stocks are a group of mostly tech stocks that led the way for the market over the past decade. They are: Facebook (now known as Meta Platforms), Apple, Amazon (NASDAQ: AMZN), Netflix, and Google (now known as )

While this cohort trounced the market leading up to 2022, it hasn't done well since then. Part of the underperformance was from high expectations and subsequent letdown. But overvaluation also had to do with much of the decline. This has led to fantastic buying opportunities for some of the best-run companies in the world, as some of the stocks are the cheapest they've been in years.

If you're looking for my top pick for the rest of 2023 (and beyond), read on.

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Source Fool.com