The Latest Breaking News from FAANG

Even though a challenging macroeconomic environment has affected the tech sector’s performance, FAANG companies are anticipated to trend in a positive direction due to their popularity. Given this backdrop, FAANG stocks Apple (AAPL) and Meta Platforms (META), which maintain A-grade Quality in our POWR Ratings system, could be watched now.…

Five of the largest technology companies in the world by market capitalization will report quarterly earnings this week.

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Chinese tech giant Huawei Technologies Co almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021, Bloomberg reports. The R&D budget was equivalent to 22.4% of Huawei's sales in 2021, nearly double Amazon.com Inc's (NASDAQ:AMZN) and Google-owner Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) proportions and more than triple iPhone-maker Apple Inc's (NASDAQ:AAPL).  Only Meta Platforms Inc (NASDAQ:FB) came close…

Despite the expectation that the Fed will raise rates several times this year, investing in quality FAANG stocks could be rewarding as they are expected to generate steady returns. Wall Street analysts expect Amazon (AMZN) and Netflix (NFLX) to surge more than 33% in the near term.

Despite ongoing concerns about COVID-19, inflation, supply chain disruptions and rising interest rates, the Nasdaq is still trading more than 110% above its March 2020 lows.

Despite stock market volatility on concerns over looming interest rate hikes to control inflation, investing in quality FAANG stocks could be rewarding as they are expected to generate steady returns in the upcoming earnings report. Microsoft (MSFT) and Netflix (NFLX) should generate stable returns dodging short-term market fluctuations. But which…