Netflix shares plunged after a disappointing quarter, but analysts insists there's no reason to panic.
FAANG stocks -- essentially the top five stocks of the tech sector -- as a group cooled off in 2021. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) led the group of growth stocks with a 65% return for the year, followed by Apple's (NASDAQ: AAPL) near-34% return. The rest of the group -- Meta Platforms (NASDAQ: FB), Amazon (NASDAQ: AMZN), and Netflix (NASDAQ: NFLX) -- all underperformed the S&P 500 index, which returned nearly 27% for the year.
Tesla is one of dozens of hot stocks set to announce earnings results over the next few trading days.