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FAANG will be replaced by MANTA

FAANG will be replaced by MANTA
FAANG will be replaced by MANTA
MarkHawtin says the U.S. stock market is changing.
He believes that considering the returns, FAANG, i.e. $Meta Platforms(FB.US)$ , $Amazon(AMZN.US)$ , $Apple(AAPL.US)$ , $Netflix(NFLX.US)$ and $Alphabet-A(GOOGL.US)$ , are being replaced by MANTA stocks. The latter is an acronym synonymous with $Microsoft(MSFT.US)$ , $Amazon(AMZN.US)$ , $NVIDIA(NVDA.US)$ , $Tesla(TSLA.US)$ and Apple.
Hawtin said FAANG companies are huge innovators and disruptors. Google and Facebook stormed into the advertising industry as Amazon is to retail.
"But ultimately they've reached a level of scale and maturity that means they're now moving in the direction of having to look at macro tailwinds or headwinds, and I think we're already seeing that in the development of some of these companies."
"So, from an investment perspective, I think the next wave of opportunities could be more interesting, what we call Digital 4.0," he added:Healthcare, finance, manufacturing and transportation are the sectors he sees as potentially the next wave of disruptions taking place.
In response, he said the end of the era of FAANG acronyms dominating large tech companies is in sight, and the era of MANTA is upon us.
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