Investors have been urged to differentiate between the business models of the US's big tech giants, as the so-called FAANG stocks continue their strong share price performance.
The recent US earnings season saw the FAANG cohort of the stockmarket post expectation-beating results. Apple, Amazon, Alphabet and Facebook collectively added around $200bn to their market values after reporting on the same day. Facebook posted its slowest revenue growth since its IPO but still added $42.6bn to its value, while Alphabet added $7.6bn despite posting its first revenue decline ever. Legg Mason's Osmani shuns FAANGs to outperform US market Investment director at Aberdeen Standard Investments Karolina Noculak said that this does not mean Google's parent company shou...
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