Ranking the FAANG Stocks From Cheapest to Most Expensive
The last two months have truly been a tale of two different markets. For a five-week period between February 19 and March 23, fear and uncertainty surrounding the coronavirus disease 2019 (COVID-19) pandemic gripped Wall Street and ultimately sent the benchmark S&P 500 lower by 34%. It was the fastest descent into bear market territory for the S&P 500 in history.
In the subsequent five weeks, the S&P 500 has been off to the races, with the broad-based index gaining 31%, through April 29. While stock market returns have been largely hit-and-miss and dependent on an industry or sector, one group that has continued to outperform, as a whole, are the so-called "FAANG stocks."
Image source: Getty Images.
Source Fool.com
