7 Next Generation FAANG Stock to Buy Now | Summary and Q&A

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August 26, 2020
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Let's Talk Money! with Joseph Hogue, CFA
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7 Next Generation FAANG Stock to Buy Now

TL;DR

Learn how to identify innovative companies that have the potential to provide significant returns, similar to the FANG stocks (Facebook, Apple, Netflix, Google). Discover seven stocks with the potential to generate a ten-fold return or more.

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Questions & Answers

Q: What are the FANG stocks, and what kind of returns did they generate?

The FANG stocks refer to Facebook, Apple, Netflix, and Google (with Amazon often included). These stocks produced annualized returns of 37% over the last decade, significantly outperforming the stock market.

Q: Can these stocks continue to provide high returns in the future?

While these companies are still strong investments, it is unlikely for them to replicate the same level of returns. To achieve significant returns, it is crucial to identify the next generation of innovative companies.

Q: What sectors should investors focus on to find the next generation of FANG stocks?

Sectors such as technology and communication services offer high growth potential. Additionally, industries such as DNA sequencing, robotics, AI, healthcare IT, the Internet of Things, and augmented reality are worth watching for disruptive and innovative companies.

Q: What are some specific examples of potential next generation stocks?

Some potential next generation stocks mentioned in the content are Pluralsight (PSN), Stitch Fix (SFIX), CRISPR Therapeutics (CRSP), Fastly (FSLY), Medallia (MDLA), Wix (WIX), and Twilio (TWLO). These companies operate in various sectors, ranging from skills development platforms to gene editing and communications development platforms.

Summary & Key Takeaways

  • The FANG stocks (Facebook, Apple, Netflix, Google) have produced incredibly high returns over the last decade, making investors regret not investing earlier. These stocks achieved an annualized return of 37%, significantly higher than the overall stock market.

  • It is unlikely for these stocks to replicate the same level of returns in the future. However, there are lessons to be learned from their success in identifying innovative companies.

  • To find the "next generation" of FANG stocks, focus on sectors such as technology and communication services, which offer high growth potential. Key industries to watch include DNA sequencing, robotics, AI, healthcare IT, the Internet of Things, and augmented reality.

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