FAANG Stocks Will Remain Hot

One of 2016's hottest stock trades was buying the "FANG" group, an acronym coined by CNBC's Jim Cramer that includes Facebook Inc FB, Amazon.com, Inc. AMZN, Netflix, Inc. NFLX and Google/Alphabet Inc GOOG GOOGL. In 2017, Apple Inc. AAPL's name was added to the list, now shifting the moniker to “FAANG.”

But with each individual stock trading near their respective all-time highs, the question fresh on every investor's mind is whether they missed the boat.

Cyrus Mewawalla, founder and CEO at CM Research, was a guest on CNBC's "Street Signs" segment Thursday to explain why technology stocks, particularly the FAANG group, have plenty of room to grow.

Mewawalla said investors can't be blamed for looking at any of the FAANG stocks and thinking they are "defying gravity." However, he emphasized that most of the most notable themes and trends over the next one to two years directly benefit all the FAANG members.

Some of the key themes and trends include cloud computing, augmented reality and autonomous driving.

"A lot of the themes today that are going to hit stock markets tomorrow benefit the big guys because of these network effects and the cash required to invest," he explained.