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Here’s the next ‘FANG’ stock that’s set to explode

After the first of the "FANG" quartet surged this week on a strong quarterly earnings report, some strategists are forecasting further upside for another member of the FANG gang reporting next week: Amazon.

Netflix handily beat its earnings expectations and membership forecasts when it reported earnings Monday, pushing the stock to all-time highs. Amazon is poised to see a similar surge after its earnings report, which is scheduled for Thursday, said David Seaburg, head of sales trading at Cowen and Co.

"I'm pounding the table on Amazon, there's no question about it. They are going to report a good quarter, Street numbers are going to go higher, and I think the stock is going to soar. I think it could be a 6 percent move, so I look at it and say it's easily a nice long trade into the quarter, into earnings next week," Seaburg said Thursday on CNBC's "Trading Nation."

He argued...


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