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Tim Mullaney: Apple is a ‘buybuybuy’ right now, and other FAANG stocks are bargains too

As the S&P 500 index SPX, -0.77% dropped almost 7% in October, and the Dow Jones Industrial Average DJIA, -0.50% shed 5% of its value, the even-bigger drop was in the high-multiple, highflying tech stocks that fell as much as 15%.

And — if the stock market is snapping out of its funk amid decent macroeconomic news, like October’s 3.7% unemployment rate and 250,000 new jobs — tech is where ordinary investors stand to get the sharpest snap back, probably pretty soon and certainly over time.

That truth was brought home when we got fourth-quarter results from Apple AAPL, -6.78% after Thursday’s close.

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