Source : coinspeaker.com
FAANG stocks and their market dominance and futuristic prospects are often the go-to stocks for investors that are looking for a near long-term bag.
Being a follower of the US stock market should imply a level of familiarity with FAANG shares, the collection of five top companies’ stocks that dominates their respective markets.
FAANG is an acronym for Facebook Inc, now Meta Platforms Inc (NASDAQ: FB), which dominates the social media sphere, Apple Inc (NASDAQ: AAPL), the world’s most valuable company and tech giant Amazon.com Inc (NASDAQ: AMZN), a leader in the retail and cloud computing sectors, search engine giant Alphabet Inc (NASDAQ: GOOGL), and streaming giant Netflix Inc (NASDAQ: NFLX).
The year 2022 opens up another great opportunity for investors to launch out and yield to their money-making instincts. However, with several industries on track to be impacted in one way or the other by the Omicron variant and the economic precautions that governments are bound to institute, investing right is a very important consideration for many investors.
While there are investors who believe investing in indices such as the S&P 500 (INDEXSP: .INX) is a safe bet, however, there is the school of thought that with the right stock picks, the overall benefits can usually be worth the risks. FAANG stocks and their market dominance and futuristic prospects are often the go-to stocks for investors that are looking for a near long-term bag.
Each of the FAANG stocks has its respective growth pursuits, one which if pieced together can positively sway investors to bag them up. Meta’s name rebrand is aimed at recreating social media experiences through the metaverse. This is a relatively new term that mimics what most new Web3 focused blockchain protocols are building. With Meta’s resources, it may yet pioneer the switch to new virtual reality experiences, opening up a new monetization system that is yet to be revealed. All these are good growth tickers for the firm and a green sign for would-be investors.
FAANG Stocks and Their Respective Building Strategies
Beyond Meta, Alphabet Inc, Apple, Amazon, and Netflix all have their respective selling points. While the deep pockets of these companies have been very instrumental in bolstering their research and developmental efforts, the firms have been able to capture new markets in the course of the pandemic.
While Alphabet remained dominant in advertisements through its Google search engine, Apple released the iPhone 13 series in the past year, brandishing it as the most advanced high-performance mobile phone yet to be created. Amazon remained a big beneficiary of retail services, despite the company having closer competition globally, and Netflix has grown to become a chief cornerstone in streaming services.
Amongst the blockbuster movies, Netflix has released in recent times include Cowboy Bebop, Squid game, the highest-grossing movie of all time, The Witcher, and many more. The strides of FAANG stocks have stirred many analysts to include them amongst the top stocks to watch this year. In fact, Meta Platforms Inc, Netflix Inc, and Alphabet Inc are prominently featured amongst the best stocks to buy in 2022 according to Stock Market.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.