The mega cap stocks known as FAANG are offering rare, deep discounts since like Amazon is trading 47% off their all-time high and Meta off 62%. Similarly, Alphabet and Meta are trading significantly lower to its historical average valuation. Despite these price cuts, FAAMG comprise 17.4% of the S&P 500.
We believe it’s prudent to watch these names closely, as generally speaking, they have strong balance sheets, healthy margins and defensible competitive positioning. This week, the…
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