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Facebook is still Bank of America's top FANG pick for 2019

Jon Nazca | Reuters

Bank of America said Monday it is still bullish on Facebook, its top FANG idea for 2019, heading into the second half of the year.

If the social media network slightly beats on second-quarter revenues next week and stays optimistic on Facebook Video and Instagram's e-commerce advertisements, Facebook will stay on its positive trajectory, said Bank of America Merrill Lynch research analyst Justin Post.