Market Overview

Analysts Share Their View On FANG Stocks And Apple

Share:
Analysts Share Their View On FANG Stocks And Apple

Michael Binger of Gradient Investments spoke on CNBC's "Trading Nation" about the tech sector. He believes the FANG stocks are relatively immune from the tariffs announcement. He added that these stocks have been strong performers, but they're not immune to pullbacks.

Binger sees these pullbacks as a buying opportunity. Besides Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), he would also own Apple Inc. (NASDAQ: AAPL). He particularly likes Alphabet and Apple because they posted good earnings results. He would buy them on any pullback.

Mark Newton of Newton Advisors thinks the technology sector is not that attractive at its current price. It was been the worst performing sector last week. He added that FANG stocks lagged particularly.

Newton would avoid buying dips in the near term and would wait for a couple of months. Between now and the end of September, he expects to see a pullback between 5% and 8%.

Related Links:

10% Tariffs Could Be Delayed, Halted If China Talks Action Before Sept. 1

 Big Tech Faces Big Scrutiny: FTC Looking Into Facebook, Federal Reserve Pays Amazon A Visit

Latest Ratings for FB

DateFirmActionFromTo
Sep 2019Initiates Coverage OnBuy
Aug 2019AssumesBuy
Jul 2019MaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: CNBC Mark Newton Michael Binger Trading NationAnalyst Color Analyst Ratings Media Best of Benzinga

 

Related Articles (AAPL + AMZN)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PTONBank of AmericaInitiates Coverage On29.0
ITRICanaccord GenuityMaintains87.0
GWPHNeedhamInitiates Coverage On200.0
BABairdDowngrades
LUVStifelDowngrades60.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

FreightWaves NOW Futures Friday: Deadhead In Pacific NW And Futures Insights With K-Ratio

UBS Upgrades SurveyMonkey, Highlights 3 Keys To Success