Apple (AAPL) and the FANG internet giants Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) parent Alphabet held their ground Thursday. All five tech titans are hitting all-time highs or are in buy range — or both.
Apple (AAPL) is the top performer on the Dow Jones industrial average in 2017, as all five stocks outpace the S&P 500 index. The big-cap Nasdaq 100 is back in record territory in no small part to the FANG+ stocks, with the Nasdaq composite (and Dow and S&P 500) closing within 1% of their best levels.
Three of these stocks offer buying opportunities right now.
Apple
Apple rose 0.1% to 140.66 on the stock market today, hitting a fresh all-time high of 141.02 intraday. The iPhone titan climbed 1.1% to 140.46 on Wednesday in volume that was below average, but the best in two weeks. The Dow stock is greatly extended from a 118.12 buy point cleared in early January.
Apple's relative strength line, which gauges the stock's performance vs. the S&P 500 index, is at its highest level since September 2015.
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Facebook rose 0.2% to 139.99, continuing its trend of incremental gains and record highs after inching up 0.3% to 139.72 on Wednesday in above-normal trade.
Despite all the excitement surrounding the Snap (SNAP) IPO, Facebook investors have been unfazed, adding $21 billion in market cap since the Snapchat operator filed its S-1 filing ahead of its March 1 IPO.
Facebook continues to roll out offerings on Instagram and other services that clone many popular Snapchat features.
Amazon.com
Amazon climbed 4 cents to 853.01 after a razor-thin gain on Wednesday. The stock is still in range from a 821.75 entry initially cleared in late January. Since hitting a record high of 860.86, Amazon has been trading tightly. Indeed, it's formed a 4-weeks-tight pattern with a new 860.96 buy point.
Netflix
Netflix fell 0.6% to 144.39, hitting an all-time high of 146.50 earlier. On Wednesday, shares rose 1.4% to 145.25, leading the FANG+ stocks.
Netflix recently found support just above its 10-week line around 140, offering a chance to start or add to a position in the stock. It's still within range of that entry.
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Google parent Alphabet climbed 0.2% to 870, hitting a record intraday high for a fourth straight session. On Wednesday, the stock rose 0.3% to 868.39, closing above an 867.10 buy point in a short flat base. But Wednesday's volume once again was below average, suggesting a lack of conviction by institutional investors.
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FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google
