Wall Street Eyes Earnings Stabilizer After FAANG Stocks Wobble

(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 favor 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 (AAPL.O), Netflix (NFLX.O) and Google parent Alphabet Inc (GOOGL.O) – could get some relief if the companies beat, or at least meet, Wall Street estimates.

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