After being beaten down badly in the final quarter of last year, the so-called FAANG stocks — Facebook (FB - Free Report) , Amazon (AMZN - Free Report) , Apple (AAPL - Free Report) , Netflix (NFLX - Free Report) and Alphabet (GOOGL - Free Report) — regained strong momentum. Per Zacks, FAANG stocks have climbed in double digits so far this year.

Streaming giant, Netflix, the first company in the FAANG group to report Q4 earnings on Jan 17, disappointed investors as its shares dropped nearly 15% in after-market trading, following bleak guidance. The other four members are due to report this week and the next.

Facebook

Facebook is expected to release its earnings report on Oct 30 after market close. It has a Zacks Rank #3 (Hold) and an Earnings ESP of -3.32%. According to our methodology, a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3, when combined with a positive Earnings ESP, increases our chances of predicting an earnings beat, while a Zacks Rank #4 or 5 (Sell rated) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The social media giant has witnessed no earnings estimate revision for the to-be-reported quarter over the past month and has an expected earnings decline of 1.4%. However, Facebook has delivered positive earnings surprises in the last four quarters, with an average beat of 14.12%. Revenues are expected to grow 26.2% for the quarter. The stock has a solid Growth Score of B and belongs to a top-ranked Zacks industry (top 33%). Shares of FB have increased 13.6% so far this year. The company is expected to report on Jan 30.

Amazon

Amazon, slated to report on Jan 31 after market close, has a Zacks Rank #3 and an Earnings ESP of +11.36%. The stock has seen negative earnings estimate revision of a penny over the past 30 days for the fourth quarter and the Zacks Consensus Estimate indicates a year-over-year increase of 153.7%. Analysts declining estimates right before earnings — with the most up-to-date information possible — is a bad indicator for the stock.

Amazon’s earnings surprise history is also impressive, with a positive earnings surprise of 90.79% on average for the last four quarters. Additionally, the company is expected to report revenue growth of 18.54%. The stock has a top Growth Score of A and falls under the top-ranked Zacks industry (bottom 41%). The online e-commerce behemoth has witnessed a rise of 11.2% so far this year.

Apple

Apple has a Zacks Rank #3 and an Earnings ESP of 0.00%. Earnings estimates for the to-be-reported quarter have been revised downward by 49 cents in a month, indicating year-over-year growth of 7.20%. The company has delivered an average positive earnings surprise of 3.86% over the past four quarters. Apple is expected to post modest revenue decline of 4.75% in the fiscal first quarter. It boasts a solid Growth Score of A and belongs to a top-ranked Zacks Industry (top 42%). The stock has delivered flat returns so far this quarter.

Alphabet

Alphabet has a Zacks Rank #2 and an Earnings ESP of 0.00%. It saw positive earnings estimate revision of six cents over the past 30 days for the to-be-reported quarter. Additionally, its earnings surprise track over the past four quarters is good with an average beat of 12.98%. It sports a solid Growth Score of B. The Internet behemoth falls under a top-ranked Zacks industry (top 33%) and has gained 5.4% in the year-to-date time frame. The company will report after the closing bell on Feb 4.

ETFs to Tap

Given the upcoming earnings releases, investors may want to bet on these stocks with the help of ETFs. Below we have highlighted five ETFs having the largest exposure to FAANGs.

Invesco QQQ (QQQ - Free Report): This fund makes up for 29.5% share in FAANGs and has a Zacks ETF Rank #2.

iShares Evolved U.S. Technology ETF (IETC - Free Report): This fund accounts for 26.2% share in FAANG stocks.

iShares North American Tech ETF (IGM - Free Report): This product accounts for about 27.7% in the FAANG group and has a Zacks ETF Rank #3.

First Trust Cloud Computing ETF (SKYY - Free Report): This ETF has 22% allocation in FAANGs and has a Zacks ETF Rank #3.

iShares Russell 1000 Growth ETF (IWF - Free Report): This ETF allocates a combined 18.2% share in FAANG stocks and has a Zacks ETF Rank #1.