Apple Is the Last FAANG Standing. How Its Earnings Could Move the Market.
Apple is the last FAANG standing—and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.
As bad as this year has been for the stock market, it’s been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% in 2022, Facebook parent Meta Platforms (ticker: FB) has slumped 45.3%, Amazon.com (AMZN) has dropped 13.4%, Netflix (NFLX) has tumbled 64.2%, and Google parent Alphabet (GOOGL) has fallen 17.4%.