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Wall Street eyes earnings stabilizer after FAANG stocks wobble

Reuters 

By Sinead Carew(Reuters) - Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favour and take the spotlight off worries that caused the recent sell-off in the high-flying group. With valuations below recent peaks, the group - comprised of Facebook, Amazon.com, Apple Inc , Netflix and Google parent Alphabet Inc - could get some relief if the companies beat, or at least meet, Wall Street estimates. Shares in the group, which led the S&P 500 to record highs in January, often trade together. They were ...

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First Published: Sat, April 14 2018. 01:01 IST
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