KeyBanc loves these non-FANG tech stocks.
The tech sector has led the stock market rally since the financial crisis back in 2008, and many tech stocks have surged since the 2020 March lows. The so-called FANG stocks — Facebook (ticker: FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG, GOOGL) — have accounted for much of that long-term growth but have now become so large that investors are concerned about their ability to maintain their growth rates. After years of FANG outperformance, it may be time for some non-FANG stocks to shine, KeyBanc says. Here are seven tech plays the KeyBanc analyst team loves that aren’t FANG stocks.
Angi Homeservices (ANGI)
Angi Homeservices is the owner of Angie’s List, a digital marketplace for home services. Analyst Justin Patterson says Angi should benefit from an uptick in homeownership, home investment and home improvement in 2020 and beyond. In addition, he says growing