On Jun. 20, 2019, the S&P 500 made a new all-time high. However, none of the FAANG stocks, which were previously leading the market, made new highs this time round. The last time the S&P 500 was making new highs end-April/ beginning-May, only Google (GOOGL) made a new all-time high. Each of the FAANG stocks are facing specific issues, the most prominent of which being antitrust investigations and global economic slowdown concerns. In this article, the FAANG stock performances have been analysed using downside risk metrics and risk-reward assessments, and combined with the