The megacap all-star team is long overdue for an expansion.

Investors love categorizing companies. There are official distinctions, like S&P 500 components versus those in the Dow Jones Industrial Average , but there are also more nuanced groupings, like growth stocks, value stocks, dividend stocks, etc.

Sometimes, investors will get a little whimsical and come up with catchy names to describe red-hot, winning stocks. The "Nifty Fifty" was a popular term for large-cap stocks in the 1960s and 1970s.

Jim Cramer used "FANG" to describe Facebook (now Meta Platforms ( META 0.92% ) ), Amazon ( AMZN -0.23% ) , Netflix ( NFLX 2.65% ) , and Google (now Alphabet ( GOOG 2.44% ) ( GOOGL 2.48% ) ). It eventually expanded to "FAANG" to include Apple ( AA

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