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Why FAANG Stocks Are an Investing Powerhouse

Did you hear about FAANG stocks and wonder what they are? No, it’s not about investing in vampires, although that would be cool. Investing in FAANG stocks means taking a bite – sorry couldn’t resist – out of some of the very best companies on the market.
What are FAANG Stocks?
The acronym “FAANG” represents five of the leading American technology stocks on the market:

Facebook (Nasdaq: FB)
Amazon (Nasdaq: AMZN)
Apple (Nasdaq: AAPL)
Netflix (Nasdaq: NFLX)
Google (Nasdaq: GOOG)

In other words, the creme de la creme of social media, e-commerce, computer and phone hardware, streaming media, and internet search. These are all core areas of the …read more […]

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VW Plots U.S. Truck Expansion With $2.9 Billion Navistar Offer

(Bloomberg) — Volkswagen AG offered to buy the rest of Navistar International Corp. in a $2.9 billion bid to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler AG and Volvo AB.The expansion was somewhat offset by Volkswagen’s first major divestment since the German automaker skidded into the diesel-emissions scandal in 2015. An agreement to sell industrial machinery unit Renk AG, valued at 760 million euros ($840 million), indicates VW is more inclined to bulk up than slim down, even amid the costly shift to electric cars.The swoop for Navistar, which was first reported …read more […]