FAANG is the acronym referring to the stocks of Tech giants—Facebook, Amazon, Apple, Netflix and Google. These five companies are considered to be the greatest and best-performing tech companies in the market. Check out more to know 10 things about FAANG – World famous tech companies.
FAANG refers to the stocks of the most prominent companies in the stock market. The five FAANG stocks have a combined market capitalization of nearly $7.1 trillion as of August 2021. Companies’ growth is attributed to influential investors like Berkshire Hathaway.
Jim Cramer coined the FAANG acronym in 2013, referencing the financial TV host and The Street.com co-founder.
FAANG’s performance in the stock market is very important to be noted as it can sway the entire market with its stock level – it comprises 15% of the Standard & Poor’s 500. (an index used by US’s largest public companies)
One can invest in FAANG in several ways. Investment can be done through Individual Stocks, Tech Funds and Index Funds.
FANG+ exchange-traded note (FNGS) by BMO Capital Markets, tracks an index of FAANG, along with five other tech stocks like Alibaba and Twitter.
Check out the exclusive quiz to learn more about the market’s most significant FAANG.
The acronym FAANG represents five prominent technology companies: Facebook, Amazon, Apple, Netflix, and Google (Alphabet).
These FAANG stocks have consistently demonstrated growth and innovation, driving their success and making them key players in the technology and digital sectors.
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