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FAANG Stocks: Is it Time for a Pause?

Dec.31 -- Alan Higgins, chief investment officer at Coutts, says it's time to rotate into cyclical from growth equities since the FAANG stocks (a group of dominant internet platform companies based around Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google’s parent Alphabet.) look so overvalued. "On the one hand it's sustainable because rates are low," he said on “Bloomberg Markets: European Open” in an interview with Matt Miller. "But now it's time for a pause because these ratings are really extreme."