fbpx
QQQ
-1.25
343.51
-0.37%
DIA
-2.67
346.08
-0.78%
SPY
-2.22
426.70
-0.52%
TLT
-0.12
141.17
-0.09%
GLD
-2.96
177.01
-1.7%

Jim Cramer: 'FAANG Owns The Future'

May 6, 2021 11:58 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Jim Cramer: 'FAANG Owns The Future'

Jim Cramer isn't giving up on FAANG stocks, he said Wednesday night on CNBC's "Mad Money."

FAANG is an acronym for Facebook Inc (NASDAQ:FB), Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Netflix Inc (NASDAQ:NFLX) and Google parent company Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).

What Happened: Many of the FAANG names and other growth stocks reported stellar earnings, but investors have been selling the good news and the stocks have continued to trend lower since reporting. 

FAANG stocks own the future, the "Mad Money" host said, adding that "when you have young smart people on your side, you are going to win." 

The massive amounts of cash the FAANG companies have on hand allows each company to reinvent and continue to thrive, Cramer said.

During economic booms, the FAANG names look less enticing, but when the economy slows down, "the cyclical stocks collapse and investors flock to FAANG," he said. 

The "Mad Money" host acknowledged that the stocks are out of favor, adding: "I'm telling you it's temporary."

Cramer reminded investors to look at the long-term outperformance of the FAANG stocks.

Historical Price Action: Over a 10-year period, Facebook is up 724%, Apple is up 934%, Amazon is up 1,559%, Netflix is up 1,408% and Alphabet is up 766%. During that time, the S&P 500 is up 212%.

Related Link: Apple, Other FAANG Stocks Can Now Be Traded In DeFi Alongside Tesla: What You Should Know

Image by Ajay Lalu from Pixabay

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Dan Ives Says Apple Is Headed To $3 Trillion Market Cap

The current product development cycle will be the biggest one over the last decade for Apple Inc (NASDAQ: AAPL), Wedbush analyst Dan Ives said Monday on CNBC's "Squawk Box." read more

What Are The Short- And Long-Term Outlooks For Apple Stock?

With Apple Inc.'s (NASDAQ: AAPL) recent underperformance, the panel on read more

When Will Apple Buy A Big Company?

Jim Cramer spoke on CNBC's "Mad Money" with Tim Cook, the CEO of Apple Inc. (NASDAQ: AAPL), about the future of the company. read more

A Bullish Take On Apple Stock

Although Apple Inc (NASDAQ: AAPL) has traded lower since its outstanding earnings report, the stock will still make new all-time highs in 2021, Jim Lebenthal said Tuesday on CNBC's "Fast Money: Halftime Report." read more