From FANG to BATMMAAN, the evolution of mega-cap stock acronyms
Yahoo Finance Markets and Data Editor Jared Blikre outlines how the market's favorite group of megacap stocks has evolved from FAANG — made up of Meta Platforms (META) (formerly Facebook), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG, GOOGL) (formerly Google) — to the Magnificent Seven and now the emerging BATMMAAN group, now consisting of Broadcom (AVGO), Apple, Tesla (TSLA), Microsoft (MSFT), Meta, Amazon, Alphabet, and Nvidia (NVDA). Blikre goes on to compare the returns seen from each iteration of tech company groupings. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.