FANG Stocks: Where Do We Go From Here?
The stock market looked to FANG stocks for leadership which can always give added confidence in trading in general. It can give a needed support to stocks in general when your go-to names are making you money.
The chinks found in Facebook and Netflix armor can decay some of that confidence.
While Google's quarter was strong this time last quarter was mired in question when leverage didn't come through. Google will also have to face GDPR issues just like Facebook.
It's not clear if these will be the leaders.
Amazon is hitting stride on the profit side and probably is the cleanest story of the FANG stocks.
So the stock market's tech dependence could turn to Apple that reports earnings next week as probably the most important driver to the stock market and tech stocks.
Looking For Earnings Home Runs
We spoke to the top tech companies over the last few months to identify what tech stocks have home run earnings potential. Earnings are what drives stocks, especially tech stocks. Finding those few tech stocks that have realistic earnings trajectories way above the Street can give you conviction to see a stock through to big upside. Dip your toe in the water with a free trial.
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We have no holdings in the stocks mentioned unless otherwise noted.