They say that stock traders are a unique breed. They are a community that is extremely competitive yet very closely knit. You’ll often see traders develop friendships while discussing markets over a drink.
This trading world has seen some unique acronyms, strange events and trading models. Let’s look at a few of them!
In the US, they have FAANG stocks. These are the most popular and high performing American technology companies:
F = Facebook
A = Amazon
A = Apple
N = Netflix
G = Google
These are reliable stocks with a total market cap exceeding $6 trillion.
Similarly, we have a bunch of stocks in the Indian market that are collectively called HRITHIK stocks.
H = HDFC Bank
R = Reliance Industries
I = ICICI Bank
T = TCS
H = HDFC
I = Infosys
K = Kotak Bank
These stocks have returned significant value to long-term investors year-over-year in the past two decades.
Now about the weird incidents.
We all know about the GameStop Saga in the US. Similarly, after the lockdown was announced across the globe, a company called Zoom Technologies saw its stock spike overnight. After a while, the clarification came that this company is not the owner of Zoom! That is Zoom Video Communications. After that, bears took control over Zoom Technologies.
There has also been a correlation between Berkshire Hathaway stocks and Anne Hathaway movies. Every time Anne Hathway is in the news, for a new movie launch or when she was hosting the Oscars, Berkshire Hathaway stocks tend to perform well. The correlation is uncanny. Isn’t it weird? It is called the Hathaway Effect!
Did you know we also have a bunch of stocks in India, popularly called SALMAN? Want to take a shot at what those stocks might be?
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