Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Markets NYSE

Analyst recommends replacing FAANG (Photo by Michael M. Santiago/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Sep 6, 2022

A New Stock Acronym Is Born 

A tech analyst is pushing to shake up the prominence of the market’s biggest tech companies. 

Key details
A research analyst is arguing that there needs to be a shakeup in terms of who the market regards as the most notable tech companies. 

Constellation Research Principal Analyst Ray Wang argues that Facebook and Netflix should be dropped. 

FAANG has long been an acronym for the five most prominent tech companies that are totally dominant in their markets—Facebook (now Meta), Apple, Amazon, Netflix, and Google (now Alphabet). 

Wang wants to replace it with his own MATANA.

“Wang argued that MATANA—Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), Alphabet 

(GOOG, GOOGL), Nvidia (NVDA), and Amazon (AMZN)—is an upgrade to FAANG by dropping Meta (META) and Netflix (NFLX) while adding Microsoft, Tesla, and Nvidia,” says Yahoo Finance. 

Why it’s important
Wang’s suggestion comes with the changing nature of the market as major companies are diversifying their business models and income streams. Wang sees Facebook and Netflix as struggling to fit into the current market as they feel pressure to implement new features and revenue streams but haven’t taken the plunge yet. 

“They’re one-trick ponies, and in the business world if you’re not doing other business models and digital monetization it’s not going to survive… Take something like Apple. What have they done? They’ve got ads, search, goods, services, memberships, and subscriptions down the line. Amazon is doing the same thing as well and they’re doing very well,” says Wang. 

Apple, Amazon, and Tesla have outperformed the rest of the tech sector despite 52-week lows, says Wang. 

Backing up a bit
The term “FAANG” was popularized by CNBC host Jim Cramer in 2013, and updated in 2017 to add Apple. Wang argues that it needs to be updated again. 

“In 2013, when Jim Cramer of CNBC’s Mad Money coined the term FAANG, many of those companies were thought of as upstarts who’d taken their respective markets by storm. This was especially true of Meta—then Facebook—and Netflix. But now, Wang said, both should be re-assessed. Meta, in particular, needs a new plan,” says Yahoo Finance.

What’s not being said
Nvidia’s inclusion comes following a recent dip in the market for the chip manufacturer. As we previously reported, Nvidia was forced to lower its profit projections for the second quarter of 2022 following an overall decline in sales for the entire chip market. Wang’s inclusion would suggest he sees a strong future as Nvidia’s sales diversify and return. 

“Nvidia is a lot more than just the chips that we look at and more than the data center or gaming. They’re sitting at the edge between AI, the metaverse, the future of computing, and the way they do their partnerships, they’re set up in a way that’s going to be dominant for quite some time,” says Wang.

Home / News / A New Stock Acronym Is Born 
Share
FacebookTweetEmailLinkedIn

Related Stories

61% Of Americans Are Living Paycheck-To-Paycheck 

by Tyler Hummel Leaders Staff
Markets

Sep 8, 2023

Nearly two-thirds of Americans are feeling pinched by inflation. 

Key Details

  • LendingClub’s newest research shows that 61% of adults lived paycheck-to-paycheck in July 2023, increasing from 59% in July 2022. 
  • Even with inflation decreasing from 8.5% to 3.2% in 12 months, consumers still struggle to get by.  
  • A portion of this is attributed to irresponsible spending, with 21% of survey respondents saying nonessential spending is responsible for their financial issues. 
  • Low-income consumers—making less than $50,000 per year—were among the hardest hit by tightening wallets, Fortune reports. 
  • Bankrate’s Annual Emergency Fund Report earlier this year found that 57% of Americans cannot afford a $1,000 emergency. 

Go deeper

FacebookTweetEmailLinkedIn

Google Cracks Down On A.I. Election Ads

by Tyler Hummel Leaders Staff
Tech

Sep 7, 2023

Political campaigns using artificial intelligence (AI) generated content must disclose this information in Google and YouTube content. 

Key Details

  • Google has revealed a new disclosure policy that will force election advertisers to label AI content distinctly from real content. 
  • As of mid-November, generative AI content must receive a label to make it clearly identifiable to avoid spreading election misinformation. 
  • Google’s digital ad business joins companies like Meta Platform’s Facebook and Instagram in cracking down on deep fakes and spreading misinformation. 

Go deeper

FacebookTweetEmailLinkedIn

Vivek Ramaswamy’s Anti-ESG Firm Is Worth $1 Billion 

by Tyler Hummel Leaders Staff
Environment

Sep 7, 2023

The third most popular GOP presidential candidate has built his name fighting “wokeness”—and that reputation is paying off for his asset management company. 

Key Details

  • Ohio-based Strive Asset Management is an anti-activism fund company that promises investors higher-quality returns and investments.  
  • It was partly founded by Peter Thiel and Bill Ackman to rival investors at environmental, social, and governance (ESG)-friendly firms. 
  • On Tuesday, the firm announced that its accumulated assets now exceed $1 billion, slightly more than a year after it launched in 2022. 
  • The company is also currently facing lawsuits from two former employees arguing that it mistreats staff and engages in securities violations.

Go deeper

FacebookTweetEmailLinkedIn
Investing

Sep 7, 2023

Bill Gates Makes a $96.6 Million Bud Light Bet

by Tyler Hummel Leaders Staff
Cryptocurrency

Sep 6, 2023

Cathie Wood Bets Bullish On Big Tech 

by Tyler Hummel Leaders Staff
Some U.S. companies are finding it easier to hire help, after a rough few years
Hiring

Sep 6, 2023

Promotions Can Increase the Number Of Employees Quitting 

by Tyler Hummel Leaders Staff

Recent Articles

Leadership

Sep 14, 2023

Maladaptive Daydreaming Signs + 4 Ways to Manage Them

Maladaptive daydreaming involves daydreams that interfere with daily functioning

Hiring

Sep 13, 2023

40 Smart Questions to Ask at the End of an Interview to Get Hired

Impress hiring managers with these thoughtful questions

Business

Sep 12, 2023

S Corp vs. C Corp: 7 Factors to Consider When Choosing a Corporate Structure

Entrepreneurs face a pivotal decision when starting a business: the C corp or the S corp

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com