New High Tech Acronym Invented: It Sounds Like Muppets Singing

For years now it has been an axiom that five stocks, each representing companies known for consumer technology, are leading the stock market. The accepted acronym for them has been "FANG," if the A is allowed to do double duty.

Literalists write it out, accordingly, as FAANG.

The stocks are: Facebook, Amazon [Apple], Netflix, and Google.

But Google and Facebook have both changed their names. And other customer-electronics firms are also playing a leading role.

So the wise guys have created a new acronym, "MANA MANA."

Meta -- formerly Facebook

Alphabet -- formerly Google

Netflix

Amazon

Microsoft -- no longer bound. to Windows, still or again a powerhouse

Apple

Nvidia

Adobe.

That's cute, and as the title indicates it sounds like muppets singing.

One more thing to say: about Microsoft. It was not included on the original FANG list because Microsoft was at that time considered a company in decline -- a giant that had linked itself too tightly to Windows, which was itself becoming irrelevant.

But Microsoft has brilliantly recreated itself, and is now a hardware company rather than the software concern of old. It is the Microsoft of Surface and the XBox consoles that has become again the highest-cap publicly traded corporation in the world.

This will be written up as a case study in adjustments. Everybody remembers Bill Gates as the avatar of the Windows era. His successor, Steve Ballmer, presided over the epoch of drift (2000-2014). His successor, Satya Nadelia (2014 - ) gets credit for the resurgence.

I have put Nadelia's photo, not that of a muppet, above.

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