Move over FAANG stocks [Surprised]
GATA stocks is the new FAANG [Miser]
In the recent weeks, the FAANG stocks have wiped out an enormous amount of their earnings. With mainly Apple as the lone company standing.
Although Google and Amazon had fell quite an amount in their stock price, they were able to keep their stock price above USD$2,000 amid their stock spilts news.
Facebook (Meta Platforms) and Netflix have been disappointing these couple of years and have been decreasing account users and subscribers numbers. This would have made many investors doubt if their business model and future plans would bring their business to another level just like how Apple is doing repeatedly.
Mega-tech firms of the FAANG stocks have been in the headlines for the past decade. However, their prominence may end soon (or at least for Facebook and Netflix).
Let’s take a look at the comparison in terms of market cap:
FAANG stocks Combined Market Cap: $7.1 Trillion
GATA stocks Combined Market Cap: 6.24 Trillion
G: Google: $1.51 Trillion
A: Amazon: $1.26 Trillion
T: Tesla: 902.12 Billion
A: Apple: 2.57 Trillion
In terms of market cap, FAANG stocks still sealed the limelight.
However, in time to come, would it be time for GATA stocks to take over as Tesla potentially regains its trillion-dollar company epithet?
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