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However, according to a FactSet report, the S&P 500 will close at or above 5,000 by 2022. Given this backdrop, we think it could be wise to invest in FAANG stocks on their market dominance and stable growth. According to a Seeking Alpha article, JPMorgan Chase & Co. (NYSE:JPM) analyst Doug Anmuth said in a note to investors on December 15 that e-commerce and subscription-based names are preferable to online advertising, given the reacceleration of growth, and “an overall more favorable operating environment.”
FAANG members Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (FB), and Netflix, Inc. (NFLX) are among the top internet stocks listed by JPM for 2022. So, we think it could be wise to add these stocks to your watchlist.
