What should investors be eyeing with FAANG now?

Jim Cramer breaks down what he's watching in the FAANG stocks as the House Judiciary Committee kicks off their hearing on big tech. 

Here's what he's keeping a close eye on:

Facebook (FB - Get Report) MoffettNathanson put out a bullish note on Facebook early Tuesday. Analyst Michael Nathanson of MoffettNathanson upgraded shares of the social media company to buy from neutral with a $210 price target.

Alphabet (GOOGL - Get Report) : "Alphabet very tough because there's a Needham piece talking about the breakup of Alphabet that would yield a 50% upside. Well, that was supposed to be the bane of their existence, but it looks like that's a positive. I thought that was very, very good," explained Cramer. 

Amazon (AMZN - Get Report) "Amazon just keeps rolling on," said Cramer. He then added that it might be due to the fact that the "President hasn't attacked Amazon lately."

Netflix (NFLX - Get Report) And, according to Cramer, Netflix is "everyone's favorite." 

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