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Best Stocks To Invest In Right Now? 2 FAANG Stocks To Watch

Are these the best FAANG stocks to invest in right now?

stocks to invest in right now FAANG Stocks

Should Investors Be Watching These Top FAANG Stocks In The Stock Market Today?

It’s no surprise that FAANG stocks have been beaten down in the stock market so far this year. Between rising inflation and increasing interest rates, FAANG stocks have had a rough start to the year, to say the least. For the uninitiated, FAANG stocks are the acronym for five of the most popular tech stocks in the market, comprising Meta Platforms (NASDAQ: META), Amazon, Apple, Netflix (NASDAQ: NFLX), and Alphabet Inc. (NASDAQ: GOOG). Additionally, FAANG stocks have significantly outperformed the overall stock market for years.

As a result, many investors believe that FAANG stocks will continue to be major players in the tech industry for years to come. While there is no guarantee that FAANG stocks will continue to perform well, many investors believe that these five companies are poised for continued success. If you’re keen on investing in FAANG stocks today, here are two top stocks to watch in the stock market today.

FAANG Stocks To Invest In [Or Avoid] Right Now

Amazon (AMZN Stock)

First up, Amazon.com Inc. (AMZN) is an American multinational technology company with headquarters in Seattle, Washington. The company focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. In addition, AMZN has a broad range of products and services to compliment its online retail offerings. Most notably, Amazon has also developed a number of services to accompany its online retail offerings, such as Amazon Prime and Amazon Web Services. Just last month, the tech bemeoth announced its Q2 2022 financial results.

In detail, AMZN posted a earnings per share of $0.10, along with revenue of $121.2 billion. This is versus analysts’ consensus estimates for the quarter of earnings per share of $0.15, with revenue of $119.5 billion. What’s more, Amazon also announced upbeat guidance for the third quarter of 2022. In the letter to shareholders, it projects third-quarter revenue between the range of $125.0 billion to $130.0 billion.

Furthermore, this month Amazon announced they entered into an agreement to acquire iRobot. In detail, the company will acquire iRobot for $61 per share in an all-cash transaction valued at nearly $1.7 billion. Year-to-date, shares of AMZN are still down over 23%, which could present an opportunity for investors to buy AMZN stock at a discount. With that being said, do you think AMZN stock is a buy for your long-term portfolio now?

Source: TD Ameritrade TOS

[Read More] Top Stocks To Buy Now? 4 Warren Buffett Stocks To Watch

Apple (AAPL Stock)

Next up, Apple Inc. (AAPL) is an American multinational technology company based in Apple Park, Cupertino, California. The company designs, develops, and sells consumer electronics, computer software, and online services. Some of the most popular products the company produces include the iPhone, the iPad, the Mac personal computer, Apple Watch, and Apple TV, among others. Similar to Amazon, Apple also posted its most recent quarterly financial results in July.

Diving in, Apple notched earnings of $1.20 per share, with revenue of $83 billion. For context, this is compared with consensus estimates of earnings of $1.14 per share, on revenue of $82.4 billion. Meaning, AAPL reported better-than-expected third-quarter financial results. Moreover, Apple reported it projects Q4 revenue to be greater than $84.92 billion. Additionally, the company’s board of directors have declared a cash dividend of $0.23 per share of the Company’s common stock.

Luca Maestri, Apple’s CFO commented in their letter to shareholders, “Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and product category. During the quarter, we generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.” On Monday, shares of AAPL stock are trading at $161.38 per share. Given all of this, is Apple stock a top FAANG stock to buy today?

Source: TD Ameritrade TOS

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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