For Immediate Release
Chicago, IL – July 23, 2020 – Zacks Market Edge is a podcast hosted weekly by cks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Is It Too Late to Buy the FAANG Stocks?
Welcome to Episode #233 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is going solo to discuss the FAANG stocks.
In February, she asked if the FAANG stocks were valued as the coronavirus sell-off hit. But now, they’ve been on quite a run.
Here’s the year-to-date gains for each:
Facebook FB up 19.6%, Apple AAPL up 34%, Amazon AMZN up 73%, Netflix NFLX up 55% and Alphabet GOOGL up 16.8%.
If you don’t buy now, will you be priced out forever?
Pressure to Join the Bandwagon
But with the FAANG stocks hitting new highs at least once a week, there’s a lot of pressure to suddenly jump on the bandwagon.
What should investors and traders do?
Is it too late to buy them? Or will this rally continue?
Two Tips for Investors and Traders
1. Know your goals. Every investor or trader has different goals. Do you have a 1-hour time horizon or a 10-year time horizon? Are you saving for a new beach house or for your retirement?
2. Have a plan. If you’re a short-term trader, that may mean having stops. Or maybe you will be a “buy the dip” buyer when shares retrace by 5% or 10% from their highs?
What else should investors and traders know about buying the FAANG stocks right now?
[In full disclosure, Tracey owns shares of AMZN, FB and GOOGL in her personal portfolio.]
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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