What are FAANG stocks?
FAANG stocks are the stocks which are the giant companies in the field of technology and are publicly traded i.e. Facebook, Amazon, Apple, Netflix, and Google. So these FAANG stocks are the most well-known companies and their performance in technology is best in recent period. The market value of these FAANG stocks exceeds $3 trillion in the current time. Traders are also investing on penny stock, You will get some information of best penny stocks.
All these companies are traded in the famous stock exchange namely NASDAQ, also these FAANG stocks companies are listed in the 500 companies of S&P 500 index, where only 500 companies having a largest market capitalization are listed. FinanceShed bring analysis of FAANG stocks to decide whether to buy or not?
About This FAANG Stocks
Facebook Inc. (FB) is a social media networking company founded in the year of 2004, having the user’s count of 2 billion active users in the present. The main business of the company comes from the social networking and the primary source of revenue is from the advertisement. Facebook is having many subsidiaries such as Instagram, Whatsapp, etc. which are also other famous social networking sites. In the year 2018 the company’s market capitalization has exceeded $500 billion.
Amazon Inc. (AMZN) is the company which is involved in the work of e-commerce, consumer electronics, and cloud computing industries. This is the company founded in the year of 1994 as a platform where you can have the online books, but gradually it has become the most popular and largest e-commerce retailer. Amazon has the subsidiaries such as Twitch and whole foods, which is the chain of super market. The market capitalization in the current period of Amazon is more than $894 billion.
Apple Inc. (AAPL) is the largest company in the IT sector in the present; it was the oldest company to be in the FAANG stocks group. Founded in the year of 1976, the company works in the area of making laptops, software, computers, etc. but the golden time starts for the company after the mobile phones and i-pads were launched in the year of 2007. In the current period Apple is having the market capitalization of over $1 trillion. At present Apple is the most profitable company in the FAANG stocks group.
Netflix Inc. (NFLX) is the company providing the customers online media and shows on the basis of subscription, currently they are engaged into the business of producing their own shows for their streaming. It was founded in the year of 1997 and is the smallest company in the FAANG stocks group. The market capitalization of the company in the present time is around $150 billion.
Google is having the parent company named Alphabet Inc. which was formed in the year 2015 as a way to corporate restructure the company. Google is one of company providing the large number of online services such as search engine, email services, office software, etc. The most popular work of the Google is that they have developed an operating system named Android for the mobile phones which is generally used by all. The current market capitalization is over $850 billion.