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7 Tech Stocks That Could Be the Future FAANG

A few months ago, I began prodding around the idea of, “What are the future FAANG stocks?” We’ve seen Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and other tech stocks swell from modest winners to worldwide behemoths. These stocks went from $100 billion to $1 trillion in market capitalization. So many people talk about what it would be like if we had bought Apple in the 1980s or Amazon in 1999. While anyone who did and was able to hold on until now is ridiculously rich, they also sat through a ton of volatility. InvestorPlace – Stock Market News, Stock Advice & Trading Tips Further, investors could have waited until after Apple’s iPhone moment or Amazon’s clear dominance of e-commerce and still made a 10x or more return on their investment. Don’t believe me? Apple is up over 1,000% over the past decade, while Amazon is up 1,760%. Over just the last five years — when it was absurdly clear these two were established leaders — Apple and Amazon are up 463% and 442%, respectively. That led me to ponder, what are the next tech stocks that could become new FAANG leaders? Specifically, I am looking for companies in the $50 billion to $300 billion market cap range that can go to $400 billion to $1 trillion or more. It’s an admittedly wide range, but who cares — these winners are right under our noses. Let’s look at seven tech stocks: 7 Safe Stocks to Buy for Solid Returns in Tumultuous Times PayPal (NASDAQ:PYPL) Salesforce (NYSE:CRM) Nvidia (NASDAQ:NVDA) Advanced Micro Devices (NASDAQ:AMD) Roku (NASDAQ:ROKU) Shopify (NYSE:SHOP) Adobe Systems (NASDAQ:ADBE) Tech Stocks to Buy for Future Gains: PayPal (PYPL) Source: JHVEPhoto / Shutterstock.com Current Market Cap: $295 billion Many investors have continued to underestimate PayPal. When it comes to FAANG tech stocks in their younger years, that seems to be a staple observation of them as well. However, PayPal has found a way to become a payment juggernaut. While sending money to friends and family is free and convenient, that’s simply one part of the ecosystem. The company also makes a sliver of sales when involving another business or merchant. It’s become a safe, trusted and convenient way for businesses to sell online or to make subscriptions a piece of cake. PayPal’s acquisition of Venmo and Honey have only added to those layers of engagement, while e-commerce will continue to be the main catalyst behind its growth. For those looking at tech stocks, the power and trend of e-commerce doesn’t need to be explained. Lastly, PayPal’s now in the cryptocurrency game, allowing customers to buy and sell Bitcoin, Bitcoin Cash, Etherium and Litecoin. Maybe PayPal won’t be able to collect its current “fee” — read: commission — on these transactions forever, based on how stock commissions vanished almost overnight in the brokerage industry. However, for now it should act as an additional growth catalyst. Bonus: At a $100 billion market cap, Square (NYSE:SQ) could also be a consideration as a member of new FAANG tech stocks in this respect. Salesforce (CRM) Source: Bjorn Bakstad / Shutterstock.com Current Market Cap: $206 billion. It should go without saying that given the massive gains the stock market has registered over the past nine months, the ideal scenario would be a sizable correction for several of the stocks on this list. However, that doesn’t apply to all of them. Take Salesforce for example. This company keeps on printing money as revenue continues to chug higher. For all the doubt that Salesforce has endured over the years, it has done quite well. It doesn’t seem like management plans on stopping, either. For instance, management is looking to generate $60 billion in revenue by 2034. Most recently, it aims to scoop up Slack (NYSE:WORK), growing its workstation presence and scaling up its fight against Microsoft (NASDAQ:MSFT). 8 Cheap Stocks to Buy With Your Next Stimulus…