As FAANG stocks falter, fund managers make bets on survivors

NEW YORK (Reuters) - A bear market in the so-called FAANG stocks - Wall Street's most popular trade going into the year - is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. Shares of Facebook Inc , Amazon.com Inc , Apple Inc , Netflix Inc , and Google-parent Alphabet Inc reached record highs in July. Since then, problems ranging from Facebook's data privacy scandals to Apple's declining iPhone sales to Netflix's rising cash burn..