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These FAANG stocks are soaring—and some analysts say they have even more room to run

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Facebook, Amazon, Apple, Netflix and Alphabet are outpacing the broader market for 2019, and two experts see more runway ahead of some of the names.

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.

 

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