Stocks that could give FAANG companies a run for money

Highlights

• Nvidia Corporation (NASDAQ:NVDA) stock rose over 118% in the last 12 months.
  
  
• Adobe, Inc. (NASDAQ:ADBE) revenue increased by 20% YoY in Q4, FY21.
  
  
• Tesla, Inc. (NASDAQ:TSLA) delivered a record 936,172 vehicles in 2021.

Although the big FAANG companies continue to hog the limelight, they might soon see increased competition to retain their exalted positions in the market.

The FAANG stocks include Meta Platforms Inc., formerly Facebook, Amazon.com Inc., Apple Inc., Netflix, and Google parent Alphabet. These stocks continue to see robust growth.

But a few other stocks that haven’t reached that level yet are fast closing the gap.

They have been catching investors' attention lately because of their rapid strides in the market.

Here are five such stocks that could the FAANG stocks a tough competition in the coming years.

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Nvidia Corporation (NASDAQ:NVDA)

Nvidia is one of the world’s leading technology companies based in Santa Clara, California. It specializes in manufacturing GPUs for various professional markets.

Its shares traded at US$289.25 at 9:03 am ET on Jan 5, down 1.25% from their previous close. The stock gained more than 118% in the last 12 months.

It has a market cap of US$732.25 billion, a P/E ratio of 90.26, and a forward P/E one year of 80.91. Its EPS is US$3.25. The 52-week highest and lowest stock prices were US$346.47 and US$115.67, respectively. Its trading volume was 52,715,440 on Jan 4.

The revenue came in at US$7.10 billion in Q3, FY22, an increase of 50% YoY. Its net income was US$2.46 billion, or US$0.97 per diluted share, against US$1.33 billion, or US$0.53 per diluted share a year ago.

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Source: Pixabay

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Adobe, Inc. (NASDAQ:ADBE)

Adobe is a software firm. It provides software and services for professional markets to create, manage, and measure content and experiences. It is based in San Jose, California.

The stock was priced at US$537.82 at 9:15 am ET on Jan 5, down 2.92% from its previous close. The ADBE stock rose 14.06% over the last year.

Its market cap is US$263.59 billion, the P/E ratio is 55.29, and the forward P/E one year is 49.95. Its EPS is US$10.02.

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The stock saw the highest price of US$699.54 and the lowest price of US$420.78 in the last 52 weeks. Its share volume on Jan 4 was 4,344,805.

Its revenue rose 20% YoY to US$4.11 billion in Q4, FY21. Its full FY2021 revenue jumped 23% YoY to US$15.79 billion. Its net income was US$1.23 billion against US$2.25 billion in Q4, FY20.

For fiscal 2022, it expects revenue of around US$17.90 billion.

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Shopify Inc. (NYSE:SHOP)

Shopify is one of the leading e-commerce firms based in Ottawa, Canada. It is a cloud-based, e-commerce platform designed to offer services to small and medium-sized businesses.

Its shares traded at US$1215.40 at 9:26 am ET on Jan 5, down 0.53% from their previous close. Its stock value surged 9.22% over the last 12 months.

The firm has a market cap of US$153.46 billion, a P/E ratio of 45.54, and a forward P/E one year of 327.58. Its EPS is US$26.83. The 52-week highest and lowest stock prices were US$1,762.92 and US$1,005.14, respectively. Its trading volume was 2,944,288 on January 4.

The company's total revenue rose 46% YoY to US$1.12 billion in Q3, FY21. Its net income came in at US$1.14 billion, or US$9.00 per diluted share, compared to US$191.1 million, or US$1.54 per diluted share in Q3, FY20.

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Tesla, Inc. (NASDAQ:TSLA)

Tesla is among the leading automobile and clean energy companies that specialize in designing, developing, and manufacturing electric vehicles. It is based in Austin, Texas.

The stock was priced at US$1157.44 at 9:46 am ET on Jan 5, up 0.68% from its previous close. The TSLA stock soared 56.38% in the last 12 months.

Its market cap is US$1.14 trillion, the P/E ratio is 368.07, and the forward P/E one year is 273.06. Its EPS is US$3.09. The stock saw the highest price of US$1,243.49 and the lowest price of US$539.49 in the last 52 weeks. Its share volume on Jan 4 was 33,416,090.

In the fourth quarter of 2021, it manufactured 305,840 vehicles and delivered 308,600 vehicles. For the full year, it manufactured 930,422 vehicles and delivered 936,172 vehicles.

The company's total revenue jumped 57% YoY to US$13.57 billion in Q3, FY21. On a GAAP basis, its net income came in at US$1.61 billion, up 389% YoY.

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Comcast Corporation (NASDAQ:CMCSA)

Comcast is a media and technology company based in Philadelphia, Pennsylvania. It offers telecommunication services, including broadcast and cable networks, to customers.

Its shares traded at US$51.01 at 9:57 am ET on Jan 5, up 1.63% from their previous close. Its stock value ticked up 0.42% over the last 12 months.

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It has a market cap of US$233.38 billion, a P/E ratio of 16.48, and a forward P/E one year of 15.64. Its EPS is US$3.10. The 52-week highest and lowest stock prices were US$61.80 and US$46.29, respectively. Its trading volume was 24,592,790 on Jan 4.

The company will report its Q4, FY21, and full fiscal 2021 results on Jan 27, before the opening bell. Its revenue surged 18.7% YoY to US$30.29 billion in Q3, FY21. Its net income attributable to shareholders was up 99.8% YoY to US$4.03 billion.

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Bottomline

These stocks witnessed significant gains in recent quarters. The S&P 500 index rose over 29% in a year, further indicating the sector’s considerable performance. However, investors should closely evaluate the companies and the broader market before investing in stocks.