Facebook, Apple, Amazon, Netflix, and Google (Alphabet) have been the market's top stocks in 2017, but what does next year hold for these tech behemoths collectively known as the FAANGs?
According to a recent research note from analysts at Morgan Stanley, collectively the FAANGs have added 4.3 percentage points of market capitalization to the S&P 500 this year, around 24% of the aggregate market cap added since the beginning of the year.
[buffett]
In total, the top five performers of the S&P 500 this year drove 27.5% of the index's incremental market cap. This is the third highest level of concentration during bull markets of the past 20 years.
FAANG Stocks: Mixed returns
Interestingly, the catalysts for the FAANG...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
