The valuation of the so-called 'FAANG' tech giants may seem astronomical to many investors but, argues Neil Goddin, in the context of history these businesses should still have plenty of bite
The so-called ‘FAANG' stocks of Facebook, Amazon, Apple, Netflix and Google may have seen share prices surge ever higher this year - with some now closing in on the fabled $1trn (£762bn) valuation - and yet history suggests they still have further to go. And with these businesses improving their earnings growth in 2018, we believe they continue to offer upside potential. Kames runs a screening process that ranks stocks based on their prospects for performance and all five have improved their ranking over the year to date. The strong fundamentals have shone through and, so far this yea...
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