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Alphabet Soup, Revisited: 'FAANG,' Not 'FAANGSTN'

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Alphabet Soup, Revisited: 'FAANG,' Not 'FAANGSTN'

The "FANG" acronym was coined by CNBC's Jim Cramer to group together four of the hottest tech names: Facebook Inc (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Google (parent company, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)).

For years, Apple Inc. (NASDAQ: AAPL) wasn't included in the list — but it is now with the creation of the "FAANG" acronym.

Speaking as a guest on CNBC's "Squawk on the Street" Tuesday, Gene Munster was posed an interesting question: How can companies like Snap Inc (NYSE: SNAP), NVIDIA Corporation (NASDAQ: NVDA) or even Tesla Inc (NASDAQ: TSLA) achieve stardom like the FAANG group has?

FAANGSTN

For the time being at least, the group of hottest tech stocks will remain just Facebook, Amazon, Apple, Netflix and Google/Alphabet and won't be expanded to include Snap, Tesla and/or Nvidia.

Munster explained that Snap is a victim of Facebook's might and Snapchat's platform is showing signs of weakness based on its disappointing daily active user growth in the most recent quarter.

While Tesla is certainly a disruptor it may fall short of "FAANG"-worthy status but will nevertheless be an outperform over the next 10 years.

As for the final "N," Nvidia is well-positioned to be a pioneer in artificial intelligence and next-age technologies. Even though the stock has already performed "tremendously well," it will still prove to be a "big winner" over the many years ahead.

Related Links:

Mark Cuban Argues Why FANG Stocks Are Still Undervalued

Short Sellers Digging In On FANG Despite $3.3 Billion In Losses This Year

Posted-In: CNBC FAANGAnalyst Color Top Stories Tech Media Trading Ideas General Best of Benzinga

 

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