Grow: What the heck are FAANG stocks? A beginner’s guide

On Wall Street, FAANG is spelled with two As, and means “big win” for their lucky shareholders—which likely includes you. FAANG stands for Facebook, FB, -0.04% Amazon, Apple, Netflix and Google (representing parent company, Alphabet GOOG, -0.42% ), a collection of tech companies so widely followed by investors that the media came up with an acronym for them.

Why are they such a big deal?

Each company has been known to move markets and transform not just their own industries, but also how we all live.

Consider Amazon. AMZN, +0.52% (It was the original “A” when Jim Cramer first coined the term to quickly refer to the group of fast-growing tech stocks; Apple was added later.

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