Commentary Wall Street loves acronyms nearly as much as the United States military, so it was inevitable that some wag–reportedly CNBC stock picker Jim Cramer–came up with “FAANG” to mean Facebook, Apple, Amazon, Netflix, and Google somewhere around 2013. Of course, the FAANG acronym is now obsolete, given that Facebook has become “Meta” and Google has…
Why These 2 FAANG Names Are Among Evercore’s Top Picks for 2022
A new strain of coronavirus, the Omicron variant, has been detected in more than a dozen countries across at least five continents and global markets have been trending lower amid increasing concerns. Investors tend to rotate into the highest quality big tech stocks amid uncertainty, according to Evercore ISI analyst Mark Mahaney. “Facebook and Amazon…
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