Today’s 360 round focuses on FAANG stocks. Andrew Wang, Managing Partner at Runnymede Capital Management, and Nathan Peterson, Director of Derivatives Analysis at the Schwab Center for Financial Research, discuss what high valuations mean for big tech stocks. They also talk about how big tech will fare in a post-Covid world, as well as what rising rates mean for big tech. Tune in to find out more.
- FAANG stocks–Facebook (now Meta), Apple, Amazon, Netflix (NFLX), and Google (now Alphabet)
- FAANG stocks have contributed 3% of returns in 2021, down from 24% in 2020.
- Current price to earning ratios are not yet at historical extremes compared to Internet Bubble or Nifty Fifty.
- Large cap tech, especially cloud and digitization, has performed well when COVID fears rise.