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Username: LuckyMan

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 11 Apr 2019
Category 28
Tag Financial
Question Please give the definition of FAANG Stocks.
Advice from Guru
Hello LuckyMan,

FAANG is an acronym for the market's five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet’s Google. FAANG was born out of the original acronym, FANG, which did not have Apple when CNBC’s Jim Cramer coined the term in Feb 2013. "Put money to work in the companies that represent the future," Cramer told audiences. "Put money to work in companies that are totally dominant in their markets, and put money to work in stocks that have serious momentum." Cramer's call on FANG minted profits for investors. Research firm Morningstar calculated that the original four companies, excluding Apple, in the acronym had earned 691% in profits for investors between June 2013 to August 2018.
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