
Investors should shun FAANG and Big Tech stocks such as Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and turn to value stocks, according to “Mad Money” host Jim Cramer.
What Happened: Cramer said that FAANG names representing Meta Platforms Inc (NASDAQ:FB) — the parent of Facebook, Apple, Amazon.com, Inc (NASDAQ:AMZN), Netflix (NASDAQ:NFLIX) and Google’s parent are likely to be hit hard as the U.S. Federal Reserve raises rates, reported CNBC.