Why You Should Still Consider Owning FANG Stocks
Read the headlines, and it seems like the group of so-called FANG stocks are in some serious trouble. If Facebook (NASDAQ: FB), Amazon.com (NASDAQ: AMZN), Netflix (NASDAQ: NFLX), and Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) aren't facing a host of bureaucratic and regulatory decisions abroad that could dent their wallets, they are being challenged by potentially powerful competitors. And closer to home, most are under scrutiny because of the immense power and influence they wield in the economy and society.
Shares of the tech stocks, however, don't seem to have absorbed much of the impact. Facebook and Alphabet exceed the returns of the S&P 500 so far in 2019, and Amazon and Netflix only trail the index by a little. With price-to-earnings ratios ranging from 28 to 100, double-digit returns this year, and global conundrums, investors may think the good run that the stocks have enjoyed is coming to an end.
But here's why you should still consider investing in FANG stocks in 2020 and beyond.
Source Fool.com
