Beware these two FANG stocks as markets bounce back, traders warn

Just in the past week, the XLC communications services ETF has fallen 1%, while Netflix has posted losses three times as steep.

"We have a little bit of consolidation here, and then the ratio shows the exact same thing so Netflix I'm concerned could be falling into a range around the $300 region as we head into next year," said Gordon., managing director of FX strategy at BK Asset Management, said a different FANG stock — Facebook — has a high risk factor.

Still, Schlossberg is not ready to go completely negative on Facebook, noting that its fundamentals including cash flow generation remain strong. "It's not a short, but it is a just sort of an out-of-the-money put buy, that's what I would do with Facebook because I do think there's an existential threat there," he said.

TradingNation 😂😂😂😂😂

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.

Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GEThe Home Depot co-founder says he used Tuesday's stock market drop as a buying opportunity. As a huge Trump supporter who claims he is doing a great job, why is deficit exploding, why is Dow up only 3 pct in past 23 months, why is GDP falling hard ? We have a shrinking economy with a flatish market and a staggering debt. This is good ? Obama 1 million more new jobs
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens TuesdayU.S. stock futures were pointing to a lower open after President Trump said it might be better to wait until after the 2020 election to strike a trade deal with China.
Source: CNBC - 🏆 12. / 72 Read more »