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Why “FAANG” Is Out and “MAAN” Is In

What do vampires and the stock market have in common?
That’s easy…
They both have FAANGs!­
In all seriousness, I’m sure by now you’ve heard of the five megacap tech stocks, also known as FAANG, that rule the Nasdaq: Facebook (Nasdaq: FB), Amazon (Nasdaq: AMZN), Apple (Nasdaq: AAPL), Netflix (Nasdaq: NFLX) and Google parent company Alphabet (Nasdaq: GOOGL).
When looking at gains since inception, you’ll find each of these companies has soared anywhere from hundreds to thousands of percentage points higher.
But year to date, only two have emerged as the clear winners amid the COVID-19 crisis…

Amazon and Netflix have proven to be the most …read more […]

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Market Recap: Thursday, June 11

Following the Federal Reserve monetary policy decision, stocks slid, with the S&P 500 and Dow pointing to a third straight session of losses. In the Fed’s monetary policy decision, policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it.
…read more […]