FANG Stocks Amazon (AMZN) and Netflix (NFLX) Crushed
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FANG stocks are all weaker today, but two are seeing more notable downside on negative analyst commentary.
Netflix (NASDAQ: NFLX) is down 7%. As noted earlier, ITG said Q4 domestic revenues and subscribers are tracking below the Street and guidance.
Amazon.com (NASDAQ: AMZN) is down 4%. The added weakness is related to analyst comments on spending plans at AWS. According to traders, Pacific Crest noted the company is adding a 6th new region which will boost spending from $5 billion to $8.5 billion.
Meanwhile, Facebook (NASDAQ: FB) is down 2.1% and Google (NASDAQ: GOOGL) is down 2.5%.
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