FAANG Glory Days May Be Over as Headwinds Persist Into 2019
- The stocks saw pronounced weakness in the second half of 2018
- Valuation, waning growth, and regulation seen as biggest risks
Boxes move along a conveyor belt at the Amazon.com Inc. fulfillment center on Cyber Monday in Robbinsville, New Jersey.
Photographer: Michael Nagle/Bloomberg
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For years, the so-called FAANG stocks have driven Wall Street higher, fueled by surging revenue, an environment that prized growth over all else, and investor sentiment that viewed the megacap technology and internet companies as ones that could do no wrong.
That narrative showed signs of cracking in 2018. In 2019, it could collapse.