div > div.group > p:first-child"> The frequently tied-together stocks of Facebook, Amazon, Apple, Netflix and Google parent Alphabet are outpacing the broader market for 2019, locking in double-digit gains for the year. Two market watchers see more runway ahead of some of the names.
"We have seen a longer-term breakout of the FAANG group above a downtrend that's really kept this group intact since last summer," Newton said."Many within the FAANG group have underperformed even though technology has been a decent performer, and now, that's starting to change." And while Newton sees further outperformance for Alphabet, Facebook and Apple, he said that,"potentially, we could see others like Amazon and Netflix follow suit. So I remain bullish on technology. I think, specifically within the group, that the FAANG stocks are actually more technically appealing now than they have been in recent months. So I do like them.
u know its time to sell now! pump n dump!!!
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
10 charts that show why these stocks are Wall Street analysts' top picks in EuropeJefferies chose 10 companies with great management; high barriers to entry; pricing power; positive free cash flow; or some combination of the four.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »