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Jeran Wittenstein and Ryan Vlastelica from finance.yahoo said that Jeran Wittenstein and Ryan Vlastelica
Sat, January 23, 2021, 3:06 AM·3 min read
Tech Bulls Look to Upcoming Earnings to Remedy ‘FANG Fatigue’
(Bloomberg) — After lagging behind the broader market for months, the world’s largest technology stocks suddenly perked up this week ahead of earnings. All it took was a reminder from Netflix Inc. that there’s still plenty of opportunity for growth.
The five biggest technology companies posted their best week in nearly three months in a rally sparked on Tuesday by Netflix, which added two million more subscribers than Wall Street was expecting. The megacap gains were led by Alphabet Inc., Apple Inc. and Facebook Inc., whose 9.2% advance was more than it had gained in six months before this week.
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