Is there still opportunity to be found in the FANGs? (or Apple?)
15 Feb 17
They are used to double-digit revenue growth and boast some of the most well-known brands in the world, but do the likes of Facebook, Amazon, Apple, Netflix and Google (FANG) still offer opportunities this year?
Concerns over the sales impact the loss of the headphone jack in the iPhone 7 would have turned out to be unfounded, and with anticipation already fluttering for the next iPhone update the future for Apple is looking “brighter now than it has been” in previous quarters according to Morningstar tech stock analyst Brian Colello.
“Apple was one of our best ideas for tech in 2016 and looking at it now it has paid off, we thought it was undervalued then and now the price has come up to where we expected to,” Colello said, suggesting that, with prices higher, now wouldn’t be the time to add to their holding.
Tags: FAANG | Investment Strategy
