13 Nov 7 Tech Funds to Play the Most Powerful Trends of 2018
Technology stocks have been on a tear in 2017. And in 2018, the tech sector is sure to keep soaring. The “FAANG” stocks — that is, Facebook Inc. (NASDAQ:FB), Amazon.com Inc(NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), Netflix Inc. (NASDAQ:NFLX) and Google-parent Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) — have surged in the past 10 months. The weakest performer is up 28% to more than double the S&P 500’s return in the same period, and the top performer is up over 60%.
There’s good reason for that success, too, given the strong sales and earnings growth at each of these companies. Thanks to best-in-class technologies that keep the competition at bay, each of these Big Tech stocks is sure to see similar strength in the New Year.
But picking individual tech stocks isn’t always a sure thing — even among the FAANG family. One big product stumble or failed earnings report can really take a bite out of these fast-moving technology names.