
FANG stocks: Now a value play?
Meta Platforms (NASDAQ:FB) stock price crunched. Amazon (NASDAQ:AMZN) takes flight. Is this end of FANG stocks? Or…Are FANG stocks cheap?
Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
Meta Platforms (NASDAQ:FB) stock price crunched. Amazon (NASDAQ:AMZN) takes flight. Is this end of FANG stocks? Or…Are FANG stocks cheap?
John Garrett is a Portfolio Manager at MA Financial Group Ltd (ASX: MAF) (formerly Moelis Australia) and shares investing wisdom on his website, mastersinvest.com. He joins Raymond Jang on The Australian Investors Podcast to share his investing knowledge and lessons with our investing community.
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Joe Magyer has been one of Australia’s best investors over the past decade, leading Motley Fool Pro then Lakehouse Capital as Chief Investment Officer. He joins Owen Rask for a special investors podcast episode.
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Online retailer Kogan.com Ltd (ASX: KGN) announced at its FY21 AGM today that it expects to triple its sales over the next five years.
All three US stock markets finished lower on Wednesday as Amazon (NASDAQ:AMZN) and Visa (NYSE:V) shares made headlines.
The Zip Co Ltd (ASX: Z1P) share price sunk 5.16% yesterday after major competitor Affirm signed an exclusive deal with Amazon.
The S&P/ASX 200 (ASX:XJO) finished lower on Tuesday as the RBA, Netwealth (ASX:NWL) and IAG (ASX:IAG) shares made headlines.