How are MATANA stocks faring in 2022? Find out with Kalkine

Is MATANA the new FAANG? This is what everyone is asking now as stock markets continue experiencing volatility. The newly coined acronym is for Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Tesla (NASDAQ: TSLA), Alphabet (NASDAQ: GOOG), Nvidia (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN).

Analysts say it is an upgraded version of FAANG after dropping Meta (META) and Netflix (NFLX) for their poor show this year.

In this article, we explore the MATANA stocks with Kalkine Media® and see their performances this year:

Microsoft Corporation (NASDAQ: MSFT)

Microsoft is a global US technology giant that builds computer software, PCs, consumer electronics, and other paraphernalia. The US$ 1.9 trillion company, Microsoft, paid a quarterly dividend of US$ 0.62.

This year saw the biggest tech rout on Wall Street, and Microsoft was also one of the casualties as its scrips tanked considerably.

MSFT stock fell below 22 per cent year-to-date (YTD).  On a year-to-date basis, its share price dropped over 13 per cent.

However, Microsoft reported a fourth-quarter 2022 revenue of US$ 51.9 billion, an increase of 16 per cent on a constant currency basis.

Its net income for Q4 2022 was US$ 16.7 billion, an increase of two per cent from Q4 2021. The company reported diluted earnings per share of US$ 2.23, a three per cent growth in the same comparable period.

Apple Inc. (NASDAQ: AAPL)

Apple is a global US tech giant that makes consumer electronics, software, and online services. Its products, mainly the iPhone, MacBook, iPad, iMac, etc., are immensely popular with massive worldwide sales.

Apple distributed a quarterly dividend of US$ 0.23 per share. The AAPL stock tumbled 0.56 per cent on a year-over-year basis. Over the past six months, its shares dropped over 2.19 per cent.

AAPL stock was trading at US$ 156.84, up 0.66 per cent pre-market on September 6, 2022, with a share volume of 181,031. It has a price-to-earnings (P/E) ratio of 25.71.

Apple reported total net sales of US$ 82,959 in Q3 2022, compared to US$ 81,434 million in the year-ago quarter.

Apple’s Q3 2022 net income was US$ 79,082 million versus US$ 74,129 million in the third quarter of fiscal 2021.

Tesla Inc. (NASDAQ: TSLA)

Tesla is a US multinational electric car manufacturer owned by Elon Musk. The company is based out of Austin, Texas, and also builds battery energy storage for homes, solar panels, roof tiles, and other ancillary products.

Tesla’s market valuation is US$ 846.7 billion. Its EPS (earnings per share) is US$ 2.77.

The TSLA stock plunged over 32 per cent YTD. It is currently hovering at US$ 272.43, up 0.82 per cent, at pre-market on September 6, 2022, with a share volume of 410,938.

It touched its 52-week highest price of US$ 414.49 on November 4, 2021, while tanking to its lowest price of US$ 206.85 on May 24, 2022.

Tesla ended with total assets of US$ 68,513 million in the second quarter of 2022, compared to US$ 62,131 million in Q2 2021.

The EV maker achieved a revenue of US$ 16,934 million in Q2 2022. It was US$ 11,958 in the same period a year ago.

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Alphabet Inc. (NASDAQ: GOOG)

Alphabet Inc. is a US global tech company based out of Mountain View, California. It got formed by restructuring of Google in 2015. It was made the parent company of Google and a slew of former Google subsidiaries.

Alphabet has a P/E ratio of 20.22, and over the past year, shares of Alphabet fell below 24 per cent. It was trading at US$ 109.05, up 0.34 per cent, pre-market on September 6, 2022.

It soared to its 52-week highest price of US$ 151.54 on February 2, 2022. It plunged to its 52-week lowest price of US$ on May 24, 2022.

In May this year, Google and BlackBerry launched Chrome Enterprise Management with BlackBerry UEM.

Nvidia Corporation (NASDAQ: NVDA)

Nvidia Corporation is a US global tech company that designs top discrete graphics processing units that help in enhancing the experience on computing platforms. The firm's chips are very popular and cater to various end markets, including high-end personal computers for gaming, automotive infotainment systems, and data centers.

Nvidia has a market valuation of US$ 339.9 billion. The company distributes a dividend of US$ 0.04 per share on a quarterly basis.

The NVDA climbed to a 52-week highest price of US$ 346.47 on November 22, 2021, while it hit the bottom price of US$ 132.70 on September 1, 2022, in the last 52 weeks. As per Refinitiv, NVDA stocks have been assigned a Relative Strength Index (RSI) value of 28.74 as of September 6, 2022.

Shares of Nvidia Corporation fell below 54 per cent YTD. In its second quarter of fiscal 2023, Nvidia posted a revenue of US$ 6.70 billion, up by three per cent from the year-ago quarter.

Amazon.com. Inc. (NASDAQ: AMZN)

Amazon.com, Inc. is a US multinational tech company primarily dealing in e-commerce, cloud computing, digital streaming, and AI. The Seattle, Washington-based company has a market cap of US$ 1.3 trillion.

It has a P/E ratio of 114.31. The AMZN stock fell below 25 per cent YTD. It was trading at US$ 128.35, up 0.66 per cent at 8:30 AM ET, on September 6, 2022, with a share volume of 238,004.

It reached its 52-week highest price of US$ 188.10 on November 19, 2021, while plunging to the lowest in 52 weeks to US$ 101.26 on May 24, 2022.

Amazon's net sales rose by seven per cent to US$ 121.2 billion in the second quarter of fiscal 2022, relative to US$ 113.1 billion in the second quarter of 2021.

As per Refinitiv data, AMZN stocks had an RSI value of 42.90 on August 6, 2022.

Bottom line

The MATANA stocks have come up by dropping Netflix and Meta from the original FAANG stocks. Meta needs many changes as it has not fared well this year. On the other hand, Netflix has declined significantly. It has lost millions of subscribers so far in 2022.