Alphabet Bulls Looking for Earnings Spark From FANG Laggard
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After Netflix Inc.’s earnings whiff last week, investors will be looking for Alphabet Inc. to jump start momentum for FANG stocks.
The Google parent’s earnings report Monday afternoon comes as the shares have been the biggest laggard in the megacap bloc this year, rising only 13 percent. While that’s almost three times the S&P 500 Index’s gain, it trails Netflix, Amazon.com Inc. and even Facebook Inc., which is trading near a record after rebounding from a data-privacy scandal in March sparked consumer backlash and regulatory scrutiny.