The stock market’s popular FAANG trade is starting to show cracks.
Investors say they are reconsidering their approach to trading big technology stocks after a week marked by giant swings in share prices. They are more closely sifting through the winners and losers to try to identify those that might thrive over the next year.
Gone, several investors said, are the days in which the stocks logged a simultaneous ascent and attracted crowds of fans. Some have become victims of rising interest rates, changing consumer tastes and stretched valuations. Those that have fallen short of high investor expectations have paid dearly in the market.
For the past three years, Facebook-parent Meta Platforms Inc.,
Apple Inc.,
com Inc.,
