What to watch in markets on Monday, September 26, 2022.
For years, FAANG stocks (a phrase coined by CNBC's Jim Cramer) were among the best-performing large-cap companies. While all five companies in the grouping are solid businesses, some of the stocks have performed much better than others recently, and only one has outperformed the broader market this year.
If you'd invested $5,000 in an S&P 500 index fund 10 years ago, your investment would be worth around $12,500 today. For example, a $5,000 investment in Amazon (NASDAQ: AMZN) would have grown over the past decade to around $44,000, while the same investment in Google (whose parent company is now called Alphabet) would be worth nearly $27,000 today. Not every stock will be the next Amazon or Alphabet, but some lucrative long-term buying opportunities have emerged in the growing cloud, semiconductor, and ad-tech markets as the grueling bear market drags on.