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With a YTD gain of just about 27%, Netflix (NFLX) is the worst-performing FAANG stock of 2023. It was the second worst-performing constituent of the elite group in 2022, and could very well have been the worst performer overall - as it was for a large part of the year - if not for the even steeper decline in Meta Platforms (META).
However, Meta’s stock has staged a remarkable turnaround in 2023. With a gain of 171% in 2023, it is not only the best-performing FAANG stock of the year, but also the second-best performing S&P 500 Index ($SPX) constituent.
