The FAANG acronym has been used to refer to a dominant group of U.S. stocks for nearly a decade. We analyze new joiners as well as companies that may be next in line to take center stage in the coming years, based on the MSCI Peer Similarity Score. 

Stock markets around the world have heated up this summer. The MSCI ACWI Investable Market Index (IMI) has gained 5% in the third quarter, a partial thaw from its chill when it fell 20% through the first half of the year.