Extracting US alpha outside the FAANG phenomenon
Taymour Tamaddon of T. Rowe Price
The much-publicised FAANG stocks – Facebook, Amazon, Apple, Netflix and Google/Alphabet – have been the driving force behind the striking rebound for the US stock market since the depths of the coronavirus panic in March.
Apple has led the way, with its share price climbing 139% since the depths of March, making it the first company to have its market capitalisation reach USD$2trn. Facebook and Amazon have more than doubled...
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