"The FAANGs" have been a convenient shorthand for the mega-cap Nasdaq tech firms that have led the markets higher since the middle of the last decade. In 2020, at a time when markets desperately needed a leader, they were there.
But from a technical perspective, the FAANGs are starting to show a little long-term fatigue in the charts.
And then there's the elephant in the room: Everyone points to the FAANGs as a reason to be in the market – and they are great stocks – but if you wanted to buy 100 shares of each of these stocks, you'd have to fork over nearly $687,000 (the price of a nice house in many parts of the country).
Fortunately, the next group of market leaders is out there right now, going more or less under everyone's radar.
I'm not sure how much longer they'll stay there, though – performance like this tends to get noticed. Tech stocks grew by around 45% in 2020, but the ones we'll talk about in a second shot up 147%.
I think we're just getting started here… Full Story