The “FAANG” tech giants recovered fast from the share price plunge due to COVID-19, but that rebound for Apple, Alphabet, and Facebook defies logic, a longtime tech investor says (AAPL, FB, GOOG, NFLX, MSFT, AMZN)

The stock market’s recovery following its coronavirus plunge has been led by the so-called FAANG stocks — Facebook, Apple, Amazon, Netflix, and Google parent Alphabet — along with Microsoft. After outperforming the S&P 500 for the year, those companies now comprise more than 20% of the total market capitalization of that index. There’s a good case for the run-up in the shares of Netflix, Amazon, and even Microsoft, said Dan Morgan, a longtime tech investor; all seem to have benefited from the pandemic-related shut-down orders. But the shares of Apple, Facebook, and Google look like they’ve gotten ahead

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