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Why This FAANG Stock Is a Strong Buy for 2023 and Beyond

TheMotleyFool

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Why This FAANG Stock Is a Strong Buy for 2023 and Beyond: https://g.foolcdn.com/editorial/images/712733/person-working-on-a-laptop.jpg

Growth-oriented tech stocks have taken it on the chin lately, and even some of the most prominent of the bunch haven't escaped unscathed. That includes the tech giants typically referred to by the acronym "FAANG." This group includes Meta Platforms -- Facebook's parent company -- Apple, Amazon (NASDAQ: AMZN), Netflix, and Alphabet, which runs the search engine Google.

While all five of these companies may be solid investments, I see Amazon as one of the better options among them. Even though shares of the e-commerce giant are down by 46% year to date, it remains an excellent stock to buy for investors looking to outperform the market. Let's consider why.