Almost everyday we hear traders and investors talking about the FAANG stocks as market leaders. While Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet's (NASDAQ:GOOGL) are extremely important tech bellwethers, they are not leading like they have in the past.
North Of A trillion
The new leader of the stock market is Microsoft (NASDAQ:MSFT) – it's market cap is now above $1 trillion and the stock is making new all-time highs. The trend is up for the stock, which is also trading above every major moving average on just about every important time-frame. Microsoft is taking market share from these tech giants and others in a very quiet way. This is by far the most important stock to follow for leadership in the stock market right now.