FANG Stocks Strike Back As Megacaps Lead. Meta, Amazon, Netflix In Focus

Indexes started the week with the megacap companies back in favor. Call them the FANG stocks or Magnificent 7, but that’s where a lot of the strength came from for the day. Meta Platforms recently got support at its 50-day moving average and followed up with gains after a short digestion. Amazon.com had a longer digestion with a breakout today that provided another buy opportunity. Netflix previously found resistance at its July high but attacked that level again with renewed vigor and a cup-with-handle breakout. Learn more about your ad choices. Visit megaphone.fm/adchoices