@AndrewRangeley For FAANGS: 

$FB - Finally diversified
$AAPL - No clear threats  
$AMZN - Secular tailwinds 
$GOOG - 0 competition  

$NFLX - This one scares me the most. No clear path to profitability. Pricing power is exaggerated, HEAVY competition. If subs decline, credit window will shut.