The Latest Breaking News from FAANG

Meta Platforms (META) stock has hit a 52-week high and with gains of 147% and is the second-best performing S&P 500 stock of the year, trailing only Nvidia which has almost tripled this year. Why is Meta stock surging and is it still a good buy at these levels?

Even though a challenging macroeconomic environment has affected the tech sector’s performance, FAANG companies are anticipated to trend in a positive direction due to their popularity. Given this backdrop, FAANG stocks Apple (AAPL) and Meta Platforms (META), which maintain A-grade Quality in our POWR Ratings system, could be watched now.…

Shares of FAANG stocks such as Netflix (NFLX) and Meta Platforms (FB) are trading significantly lower compared to all-time highs. The two companies have trailed the equity markets by a huge margin but could remain attractive to both contrarian and growth investors at current prices.

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Chinese tech giant Huawei Technologies Co almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021, Bloomberg reports. The R&D budget was equivalent to 22.4% of Huawei's sales in 2021, nearly double Amazon.com Inc's (NASDAQ:AMZN) and Google-owner Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) proportions and more than triple iPhone-maker Apple Inc's (NASDAQ:AAPL).  Only Meta Platforms Inc (NASDAQ:FB) came close…

Despite the expectation that the Fed will raise rates several times this year, investing in quality FAANG stocks could be rewarding as they are expected to generate steady returns. Wall Street analysts expect Amazon (AMZN) and Netflix (NFLX) to surge more than 33% in the near term.

Despite ongoing concerns about COVID-19, inflation, supply chain disruptions and rising interest rates, the Nasdaq is still trading more than 110% above its March 2020 lows.

Despite stock market volatility on concerns over looming interest rate hikes to control inflation, investing in quality FAANG stocks could be rewarding as they are expected to generate steady returns in the upcoming earnings report. Microsoft (MSFT) and Netflix (NFLX) should generate stable returns dodging short-term market fluctuations. But which…