A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019.
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Value investor Bill Nygren told CNBC on Monday that he likes shares of Facebook after going beneath the surface of the social media giant’s earnings picture.
Nygren, a longtime portfolio manager for the Oakmark Select Fund, made the remarks in an interview on “Closing Bell” shortly after a broad rally on Wall Street helped the S&P 500 post its best day since June.
“It’s a FAANG name, but I think it’s probably the most boring of the FAANG names,” Nygren said about Facebook while using the acronym for Facebook, Amazon, Apple, Netflix and Google-parent Alphabet.
