MAANGO the new FAANG

Mangos via Unsplash
Mangos via Unsplash

Mad Money’s Jim Cramer coined the acronym FAANG to highlight blue chip megacap tech stocks that have indeed risen dramatically over the years – Facebook, Apple, Amazon, Netflix and Google. Now comes a new acronym we also think has the same kind of reliable growth power – MANGO.

Coined by Bank of America analyst, Vivek Arya, MAANGO is Marvel (MRVL), Broadcom (AVGO), Advanced Micro (AMD), Analog Devices (ADI), Nivdia (NVDA), Global Foundries (GFS) and ON Semiconductor Corp (ON).

Even Cramer gushed “I wish I came up with it!” on CNBC.

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