The Ups and Downs of Technology Stocks Over extended periods, some of the strongest returns have been turned in by technology stocks. But along the way, there have been big upsurges and unnerving plunges. Last year, the group of technology stocks known as the FAANGs were market darlings. The group includes Meta Platforms (a.k.a., Facebook), Amazon, Apple, Netflix, and Alphabet (a.k.a., Google). So far in 2022, they’ve hit the skids. Here’s the comparison. In calendar 2021, the FAANGs, led by Alphabet (+65%), climbed 27% on average. Since January 1 st , they’ve dropped 30%. Other popular pandemic names had even worse fates. Zoom Communications, often the virtual meeting application of choice, went down 46%, followed by a similar collapse this year. DocuSign, another favorite, lost 32% in 2021 and then had a further loss of 44% for the year to date. Although the recent rough going for the markets reflects investors’ fears stemming from the war in Ukraine and unusu
Investment and economic observations by N. Russell Wayne, CFP, MBA. Mr. Wayne is the president of Sound Asset Management, inc. and former Managing Editor of The Value Line Investment Survey.