It was a mixed 2016 for FANG stocks -- Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) , and Google (listed under parent company Alphabet (GOOG) ), as well as Apple (AAPL) . 

The most recent round of earnings reports suggests more of the same, although investors should largely feel optimistic about these stocks. 

Facebook

Facebook shattered Wall Street's expectations on Wednesday by reporting a 51% year-over-year rise in revenue. Whereas analysts had expected revenue of $8.5 billion, the social media company registered $8.8 billion for the fourth quarter. Earnings were $1.41 a share, a 78% year-over-year gain and above the consensus estimate of $1.31 a share.

After the company released its results, shares of Facebook flew to an all-time high near $135 per share. Analysts are calling for the company's stock to hit as high as $175 per share. That would represent a nearly 35% gain from Thursday's share price.

Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells FB? Learn more now.

Netflix

On Jan. 18, Netflix reported its biggest-ever quarter for subscriber growth, a result of the video streaming service's success in expanding internationally. Netflix had earlier expected to add 3.75 million subscribers internationally in the fourth quarter. Instead, the company added an amazing 5.12 million. There's still room for growth.

Uber-bullish analysts are calling for Netflix's stock to hit as high a $170 per share, a tidy 22.3% gain from Thursday's levels around $139 per share.

Alphabet

Alphabet reported fourth-quarter results last week, and its results were more mixed. Although the company missed expectations for earnings, revenue grew 22% year over year to $25.1 billion and beat Wall Street estimates. The stock has risen 3.5% year to date, hovering at at almost $816 per share. Some analysts think this stock could cross the $1,000-per-share mark this year. A recent report called Alphabet the world's "most valuable brand," dethroning Apple.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

Apple

Apple itself reported Wall Street-beating sales for its iPhone on Wednesday. For the first quarter, Apple sold 78.3 million iPhones, a 5% year-over-year increase and the first quarterly gain after three straight quarters of falling smartphone sales.

Apple's stock hit an 18-month high on the announcement and finished Thursday trading just above $128 a share. It would not be surprising if its release of the iPhone 8 later this year boosts the company's sales. 

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Amazon

Amazon, which reported earnings Thursday afternoon, beat analysts' estimates for earnings. The e-commerce company posted $1.54 a share, 19 cents better than expected. But the company fell roughly $1 billion short of estimates and missed its target for Amazon Web Services, which is expected to be a big revenue generator. Amazon's first quarter guidance was also lower than analysts have projected. Amazon shares were down more than 4% at one point in after-hours trading. 

Still, Amazon has been gobbling up market share from bricks-and-mortar retailers, and the company's investment in bettering its logistics and delivery service is promising. 

Overall, there's room for growth in these FANG-plus-Apple stocks this year. Investors should look for dips as opportunities to get in or to purchase more shares.

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The author is an independent contributor who at the time of publication owned none of the stocks mentioned.

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