Forget FANG, Look into MINT

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Jim Cramer, the well-known host of “Mad Money,” created the acronym FANG in 2013, a cute play on words to describe four popular/high-growth tech stocks:

Facebook
Amazon
Netflix
Google

Before that, in 2010, Cramer created the acronym CANDIES, which preceded FANG.

Chipotle
Apple
Netflix
Deckers Outdoor
Intuitive Surgical
Express Scripts
Salesforce.com

Many of these stocks from FANG and CANDIES are still worth owning today; however, do these companies still hold their weight in 2021? It may be time to coin a new acronym to reflect the high-growth companies for this upcoming decade.

I purpose MINT. If you own any of these stocks, I recommend you hold them. If you don’t own them, consider adding them to your portfolio. These are all long-term holds for at least 3-5 years. These companies represent some of the best growth in the hottest sectors. I would expect these companies to still be highly profitable by 2030.

Mercadolibre (MELI) is a mix of Amazon, Paypal, Square, and eBay all-in-one. It mainly operates in Brazil, Argentina, and Mexico, but 18 total countries in Latin America. This was a great growth stock before the pandemic and an even better stock post-pandemic. If you believe that eCommerce and fintech will continue to grow, believe in Mercadolibre, whose e-commerce revenue grew over 90% in 2020. They are following an Amazon script in a region ripe for opportunity.

The other reason to love Mercadolibre is Mercado Pago. Great growth companies can expand and become leaders outside of their core business. Even if they lose market share to their competitors, the opportunity and expansion in other countries are nearly unlimited. Having a smaller market share in eCommerce or fintech is somewhat irrelevant if the overall market continues to expand rapidly. Latin America is still largely underserved financially. Many still don’t have bank accounts or internet access. As Latin America fintech booms over the next decade, Mercadolibre’s overall ecosystem will grow. Oh, did I mention they are also getting into bitcoin?

Intuitive Surgical (ISRG) They have a monopoly on minimally invasive robotic surgeries. They are the leader today and will likely be the leader a decade from now. There is competition ahead however, this industry will continue to grow rapidly. As innovation and technology improve, the number of procedures assisted by robotic surgeries will increase. The population is getting older meaning demand will continue.

Nvidia (NVDA) One of the biggest mistakes investors can make is the idea you need to invest in a new idea or the next big movement. Don’t turn stocks picking like fashion trends. Your oldest idea may be the best idea and make you wealthy. Here is the theme I will repeat: Nvidia was a great company before the pandemic. It is an even better stock post-pandemic. Nvidia gets the majority of its revenue from its graphics processing units (GPUs). When you think of GPUs, think of Artificial intelligence, Video Games, Computers, Crypto Mining. Nvidia has recently expanded into data processing units (DPUs) and that business could be more profitable than its chip business. Nvidia has been smashing earnings and could soon become the most dominant tech company in the world eventually.

Tencent (TCEHY) Tencent is a mix of Facebook, Activision Blizzard, and Spotify, all rolled into one company. It is much bigger than that. Think of the Berkshire Hathaway east. If you are interested in growth companies, you cannot ignore the most populated country in the world. There are geographical/macroeconomic concerns, but with risk comes a great growth story. Ignoring all Chinese growth and having too little or no exposure to this industry will be a potentially enormous missed opportunity for any investor. Tencent is a high-growth company with its hands in other high-growth companies like Tesla. Please do not ignore it.

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