The Wall Street heavyweights and titans of tech, who are they? FAANG stocks. We’re talking about Facebook, Amazon, Apple, Netflix and Google, the giants that make up over 20% of the S&P 500’s market cap. Amid the COVID-19 pandemic, these stocks have experienced remarkable rallies, with the run-ups culminating in record highs. What’s behind this surge? Part of it has to do with the fact that the stay-at-home climate has been good for business. Accelerating the shift to online, e-Commerce, streaming and cloud services have been some of the key beneficiaries of the crisis.However, given this incredible charge forward, …read more
Source:: Yahoo Finance
