FAANG isn't FAANG-tastic anymore, except META? Read & decide.
@JC888:
The FAANG stocks, which comprise some of the most influential and profitable tech companies in the world, have disappointed their investors in the latest quarter of 2023. Despite their remarkable growth in previous quarters, the FAANG have: Failed to meet the high expectations of the market. Reported less than perfect earnings results. This has wrong footed many investors who were: Betting on the continued dominance of these tech giants in the post-pandemic era. Hoping that the FAANG’s fantastic results could lift up the US market, given a depressing Sep and Oct 2023. $Meta Platforms, Inc.(META)$, formerly known as Facebook, has “better” its earnings estimates. The company reported: Earnings per share (EPS) of $4.39, well above consensus est