If you had invested in any one of the FAANG stocks 10 years ago, you'd be pleased. On average, FAANG stocks have returned an astounding 1782% over the last 10 years versus the market's 325%. Each has changed the world in a different way, and all are continuing to do it. These companies have become engrained in daily life and in many investment portfolios. The stocks making up the FAANG acronym are large tech companies that have dominated the market recently. These stocks are:
Three of the five lost to the market during 2021, but one stood out above the rest.
After more than doubling the growth of the market in 2021 , Alphabet seems primed to outperform the rest again.
Two dominant segments, one laggard
Alphabet's dominance in its primary businesses is astounding. The Google search engine has a 92% worldwide market share. It makes almost no sense for businesses to spend search engine optimization (SEO) advertising dollars anywhere besides Google. With nearly every business having an online presence, advertising on Google is necessary so that the website isn't buried beneath others. This segment accounts for over half of total revenue, making it the most important for Alphabet.
YouTube -- the popular video-sharing platform -- also falls under the Alphabet umbrella. Once again, it holds a significant online video platforms market share at 76%. Additonally 74% of U.S. adults accessed YouTube in 2020, more than any other social media site including second-place Facebook (68%)....
Read Full Story: https://www.fool.com/investing/2022/01/17/can-2021s-best-performing-faang-stock-do-it-again/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
