The FAANMG acronym will eventually lose its appeal to technology investors. Tesla (TSLA) is among the biggest firms not included in the list when it should be. As the biggest electric vehicle supplier, Tesla will dominate the industry for years to come.
Ford (F), General Motors (GM), and Stellantis (STLA) will not likely come close. Their gas-powered vehicle business will distract them from building their EV market share.
Facebook, now known as Meta Platforms (META), continues to drop from the top 10 apps list. Young internet users are opting for TikTok over the Facebook app. Investors should stay wary of META stock. Apple (AAPL) added IDFA to its platform to block advertisers. This permanently damaged Facebook’s ad platform.
Apple has strong prospects. It refreshes the iPhone yearly, keeping its loyal fan base interested in upgrades.
After bottoming at around $105, Amazon.com (AMZN) is not attractive. The stock met resistance at the 200-day moving average at $145. Consumers are spending less, which pressures the online retailer’s profit margins.
Netflix (NFLX) posted a loss of only around 980,000 subscribers in the last quarter. The firm previously predicted a 2 million-user loss. The “less bad” results are not a good enough reason to buy shares.
Like Amazon.com, Microsoft (MSFT) attracted investors. It has strong fundamentals but could pull back from here. Wait for a better buying price.