We have ranked these stocks based on the number of hedge funds holding stakes in them, from the lowest to the highest. They have also reported positive latest earnings and demonstrate growth potential based on projected EPS growth, revenue growth, and free cash flow growth, among other factors. These stocks were popular among the 895 hedge funds tracked by Insider Monkey in the second quarter of 2022. We have selected renowned tech stocks that are comparable to the Big Tech companies. Let's now take a look at the 11 best FAANG stocks to buy now. (NASDAQ:NFLX) losing the favor of many investors with its performance this year, Microsoft Corporation (NASDAQ: MSFT) is steadily becoming a new member of this group of stocks. The acronym FAANG refers to the top five American technology companies in the market today: Facebook (now known as Meta Platforms, Inc. (NASDAQ: AAPL) still continued to rake in cash and maintain their earnings outlooks, inspiring confidence as far as investors were concerned. Some of the best FAANG stocks like Apple Inc. According to a Bloomberg article published this September, The Nasdaq 100 Index was 35% cheaper than its peak in 2020. However, its cheaper valuation in a time of economic recession is managing to work in its favor.
With rampant inflation still plaguing the market, the sector was expected to suffer from a loss in popularity. In spite of the Fed jacking up interest rates, the technology sector is continuing to attract investor attention in 2022. To skip our detailed analysis of these stocks and the technology sector, you can go directly to see the 5 Best FAANG Stocks to Buy Now. In this article, we will be taking a look at the 11 best FAANG stocks to buy now.
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