On CNBC’s “Trading Nation,” Todd Gordon of TradingAnalysis.com and Boris Schlossberg of BK Asset Management spoke about FAANG stocks.
Gordon said that Apple Inc (NASDAQ: AAPL) is in the best position for a potential rebound and Amazon.com, Inc. (NASDAQ: AMZN) is right behind it. He analyzed the monthly time frame to reach that conclusion.
Schlossberg said Netflix is weak because it’s very expensive to produce new content and there a lot of competitors in the space. Subscriber growth has slowed remarkably and Schlossberg sees a lot of weakness, capital expenditure and cash burn ahead.
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