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...
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