Netflix has surged over the past month as FAANG stocks retake leadership. Craig Johnson of Piper Sandler says it's just getting started.

"Take your pick [or] do all three, just so long as you approach the sell-off not as a reason to panic but as an opportunity," the "Mad Money" host said.

"The era of Cathie Wood propping these stocks up with her own buying bazooka, I think, it appears to be over," the "Mad Money" host said.