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Analyst: Market Needs FAANG to Recover – Apple Inc. (NASDAQ: AAPL)



Cashin, director of floor operations at the NYSE, says of FAANG: "If they creep into the market. "

Facebook (FB -2.2% ), Apple (AAPL + 0.9% ) , Amazon (AMZN + 2% ), Netflix (NFLX + 4.5% ), and Alphabet / Google (GOOGL -0.3% ) lost a combined $ 1T

Facebook shares are down 21% in the quarter and 25% YTD after a year of user data scandals and rumored exec turmoil.

Apple slips 31% in the quarter and nearly 8% chatter that the nth ewest iPhones are underperforming with the iPhone XR as the weakest selling model.

HQ2 between two locations. There were rumors that the grocery business was not going as smoothly as the company. Amazon dropped 26% in the quarter but is up 26% YTD.

Alphabet's Google had a year of antitrust acquisitions and fines related to its android operating system. The company also scrutinized for its use of user data. GOOGL is down 1

3% in the quarter and nearly 1% YTD.

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