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A Look at FANTA (FB AMZN NFLX TSLA AAPL)

 
 
 

FANTA, A Look at

FANTA is a great gauge of the current market landscape.

Released on Thursday, July 13, 2017, 3:35 PM ET
by Email Russ UrbanContact SpeculatingStocks



Pittsburgh, PA (SpeculatingStocks) - SpeculatingStocks has dubbed FANTA as a mix of popular tech related stocks that have the attention of mainstream investors and Wall Street. FANTA includes Facebook, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL).

FANG may be becoming antiquated because it doesn't take into account Tesla, Inc. (NASDAQ:TSLA), which is led by Elon Musk, the most visionary CEO since Apple's Steve Jobs and Amazon's Jeff Bezos. Tesla moves as fast as Amazon and is displacing the auto industry through use of artificial intelligence, full automation and other technology.


Of each FANTA stock from a chart perspective, FB is doing the best with it trading at an all-time high. AMZN has struggled with the $1000 level, flirting on both sides of it since reaching $1k in late May. The $1000 level in AMZN shares has become a psychological resistance. Also, AMZN may have just got extended with trying to reach $1000 as investors artificially pushed the shares higher trying to reach it. NFLX has had a 4-day run from under $147.50 to over $157 now. NFLX shares are taking a breather after eclipsing its 50-day moving average. TSLA had a pretty major correction from $386 to as low as $303.13 and now sits at $320.35, struggling to get back its glory. However, TSLA trades at an RSI of only 39.03, which shows how much strength it lost from a technical perspective with it trading at an RSI of around 77 in June. AAPL has been stuck in a sideways pattern since mid-June, but it's showing signs today of possibly breaking out of its sideways range. AAPL sits at $147.72 with it possibly reaching to its 50-day above at $149.24.

With a bull market going on, these FANTA stocks are generally going to go up especially if they are not extremely overbought. TSLA looks like the best opportunity out of the FANTA stocks for the current moment. A possible market correction looms over the market and of course if that happens the FANTA stocks could get slammed lower. These big companies have so much data, artificial intelligence and such a lead on other companies that it is extremely hard for other companies to compete with them and it's part of the reason that they keep gaining market share.

It has been swirling in the news that AMZN may be under anti-trust scrutiny from both sides of the political aisle. Jeff Bezos is the king of the CEO world right now and may have to face his biggest challenge to date if Amazon actually ends up facing more than just anti-trust scrutiny, such as if Amazon actually ends up in anti-trust proceedings. Investors don't have to look any further than what happened to Microsoft (NASDAQ:MSFT) in the late 1990s and early 2000s.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded SpeculatingStocks.com, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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