From Nasdaq, Inc.:

For the past decade, FAANG stocks have been a go-to for investors, with Meta Platforms, Apple, Amazon, Netflix, and Alphabet leading the charge. These companies have historically outperformed the market and dominated their respective industries.

These stocks are not without concerns. For Meta Platforms, a potential U.S. recession in 2024 could spell trouble for its advertising-based revenue stream, while Alphabet also faces risks with a potential slowdown in ad spending due to a weaker economy.

But there are reasons to remain optimistic about these companies, with Meta Platforms’ strong position in the social media market and Alphabet’s dominance in global internet search giving them strong foundations for the future.

However, Apple may be facing a rough patch, with declining sales and market share posing significant challenges. With net income on the decline and a weak organic demand for its physical products, Apple’s outlook for 2024 is less than promising.

Investors should carefully consider their options, with new stock picks in the market showing potential for strong returns. The Motley Fool Stock Advisor team has identified 10 top stocks to watch, which could offer substantial growth opportunities for investors in the coming years.



Read more: 2 FAANG Stocks to Buy Hand Over Fist in 2024, and 1 to Avoid Like the Plague