Earnings Have a Way of Sending FANG Stocks Separate Ways: Chart
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Expecting second-quarter results to lift every FANG stock may be too much to ask, if history is any guide. More than three years have passed since shares of all four companies -- Facebook Inc., Amazon.com Inc., Netflix Inc. and Google’s owner, Alphabet Inc. -- rose on the first trading day after earnings releases, according to data compiled by Bloomberg. Since then, Facebook has declined six times even though profit has beaten analysts’ average estimate in every quarter. Netflix has six losses, Alphabet has five and Amazon has four.