FAANG ETFs In The Spotlight Ahead Of Q4 Earnings
Zacks Investment Research | Jan 26, 2020 11:10PM ET
The FAANG stocks — Facebook (NASDAQ:FB) , Amazon (NASDAQ:AMZN) , Apple (NASDAQ:AAPL) , Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOGL) — have been outperforming the market over the past three months buoyed by the initial U.S.-China trade deal. Hopes of better-than-expected earnings releases are also adding to the strength.
Streaming giant, Netflix, the first company in the FAANG group to report Q4 earnings on Jan 21 after market close, came up with strong results for fourth-quarter 2019. The company topped both earnings and revenue estimates, and delivered strong subscriber growth. However, it offered a weak outlook, raising concerns about its dominance in an increasingly crowded field (read: Zacks Investment Research
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