Forget the FAANGs. It's a stock picker's market now
CNN
investors who have been blindly buying all big techs got a rude awakening this week after Netflix imploded. But the good news from Tesla proves that some top momentum stocks can still thrive in this rocky market.
The latest results from Tesla (TSLA) and Netflix (NFLX) show how silly it is for investors to buy into themes and memes like the FAANGs, or MT. FAANG, if you want to add Microsoft (MSFT) and Tesla to the Facebook (FB) (Meta)/Amazon (AMZN)/Apple (AAPL)/Netflix/Google (GOOGL) (Alphabet) quintet.
This is a stock picker's market.
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