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Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to riskier assets after last week's selloff and Pfizer-BioNtech's COVID-19 vaccine got full U.S. approval.

Wall Street's main indexes rose on Monday, with banks and energy shares leading the gains, as investors returned to riskier assets after a sharp selloff last week that was fanned by worries about slowing economic growth.

One of the strongest competitive advantages in the business world today is network effects. At a high level, this generally means that as a company gains additional users or customers, the product or service improves for everyone else.

Ethiopia has begun developing its own social media platform to rival Facebook, Twitter and WhatsApp, though it does not plan to block the global services, the state communications security agency said on Monday.

Ethiopia has begun developing its own social media platform to rival Facebook, Twitter and Whatsapp, though it does not plan to block the global services, the state communications security agency said on Monday.

Since bottoming out on March 23, 2020, the benchmark S&P 500 has been virtually unstoppable. The market's widely followed index has doubled from its bear-market bottom, and has now gone more than nine months without even a 5% retracement.

Do You Have These Top Tech Stocks On Your September 2021 Watchlist?While Chinese tech stocks face regulatory woes, domestic names in the tech industry continue to shine. For the most part, this section of the stock market today remains active. Understandably, with the world&rsquo

Social commerce -- e-commerce sales driven by social media apps -- is still in its early days. While social media accounted for $27 billion of online sales in the U.S. last year, that number could nearly triple to almost $80 billion by 2025, according to eMarketer.

Two decades ago, commerce looked much different than it does today. Jeff Bezos had already founded Amazon, but the inventory was relatively limited and e-commerce was still a novel concept. In fact, many people were quite skeptical.Twenty years later, e-commerce has gone mainstre

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Quality Factor ETF (Symbol: QUAL) where we have detected an approximate $352.4 million dollar inflow -- that's a 1.4% increase week

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Facebook Inc (Symbol: FB), where a total volume of 164,158 contracts has been traded thus far today, a contract volume which is representative of approximately 1

Wall Street's main indexes rose on Friday, boosted by tech stocks in a broad-based rally, although concerns over a slowing economic recovery and the possible tapering of stimulus saw the indexes on course for weekly losses.

In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Mondelez International Inc (Symbol: MDLZ) has taken over the #40 spot from Facebook Inc (Symbol: FB), according to ETF Channel. Below is a chart of Mondelez Interna

Is data the new oil? I have been saying for over a year that it is not. Data needs data centers, and data centers need semiconductors. Therefore, semiconductors are the new oil. Think about it for a minute. Consider all the secular growth trends and disruptive innovations we are

Facebook, Inc. (FB) is somewhat of a polarizing stock amongst investors. The company behind Facebook, Instagram, WhatsApp, and Oculus VR, features one of the greatest track records amongst the mega-caps stocks when it comes to its growing financials. Simultaneously, however, the various ethical concerns regarding the company's privacy practices, including the Cambridge Analytica data scandal in 2019, have attached almost a "vice status" to Facebook. That results in the stock consistently trading at very humble valuation levels relative to its overall prospects.

An Ever-Growing Top & Bottom Line...

The majority of Facebook's revenues are the result of its user base (MAU or monthly active users) and the dollars the company can extract out of each user (ARPU or average revenue per user) through the display of ads. With both of these variables expanding consistently, the company features a five-year revenue CAGR of 36.44%.

In Facebook's latest earnings results (Q2), year-over-year growth of MAUs slowed down to 7%, falling below the double-digit threshold for the first time in its history. However, this is only reasonable considering that 2.9 billion people already use Facebook's family of apps every month. If anything, any growth in MAU is impressive at this point. Further, worldwide ARPU increased by 43.5% year-over-year to $10.12. This resulted in Facebook reaching a new all-time high quarterly revenue record of $29.08 billion.

Further, powered by the company's high-margin, scalable business model, net income margins expanded to 35.75% vs. 27.71% in the prior-year period. Hence, net income skyrocketed by 101% to $10.4 billion, or $3.61 on a per-share basis. (See Facebook stock charts on TipRanks)

...But the Valuation Remains Compressed

Facebook has a lengthy track record of driving robust user growth. It also has a strong history of higher ARPU, following advertisers' recognition of the value of Facebook's ads in driving sales (especially in the small-to-medium business space). Despite those positive factors, the stock has historically failed to attract appropriate valuation multiples.

Since 2015, the stock's forward P/E has never crossed the 35X multiple, despite the company boasting a five-year EPS CAGR of 43.1%. Currently, the stock trades at a forward P/E of 25.1, which hardly reflects the company's underlying growth. As indicated in the chart below, Facebook is also clearly the cheapest amongst its mega-cap peers, relative to its sales growth estimates and forward P/E.

CompanyFY2021 estimated sales growthForward P/EFacebook, Inc.38.70%22.50Apple Inc. (AAPL)33.40%26.14Alphabet Inc. (GOOGL)37.30%25.93Microsoft Corp. (MSFT)13.90%30.41Wall Street’s Take

Turning to Wall Street, Facebook has a Strong Buy consensus rating, based on 25 Buys, 2 Holds, and 1 Sell assigned in the past three months. At $421.70, the average Facebook price target implies an 17.34% upside potential.

Margin of Safety, and Future Prospects

Besides for Facebook's intriguing upside, the company's fortress balance sheet provides a great margin of safety to the stock's investment case. At the end of Q2, Facebook's cash and equivalents stood at $64 billion, while the company does not have a single cent of long-term debt on its balance sheet. Hence, Facebook has a heavy war chest to deploy, should attractive acquisition opportunities arise.

Further, the company's rock-solid cash position and growing free cash flow can be allocated towards stock buybacks, which should deliver excellent shareholder value, considering the stock's humble valuation. Finally, the company is making rapid progress in its VR (virtual reality) developments, with its recent "metaverse" introduction aiming to connect everyone in virtual reality environments. This is likely to unlock new revenue streams over time, contributing to Facebook's growth.

All points considered, Facebook is likely offering a compelling investment case, considering its growing financials, attractive valuation, and future growth prospects.

Disclosure: On the date of publication, Nikolaos Sismanis had a beneficial long position in the shares of Facebook through stock ownership.

Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.

U.S. stock index futures fell on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus hurt economy-linked sectors and put the Dow and the S&P 500 on course for their worst week since mid-June.

Stock Futures Edged Lower After A Choppy Trading Session ThursdayU.S. stock futures are ticking lower on Friday morning. Major indices in the stock market are on track to erase most of their gains in August. Recall that the latest meeting minutes from the Fed suggest that officia

What happened It was another rough week for Chinese tech stocks, as signs of tightening regulations continued to cause investors to sell the sector. Their reasoning was that the potential of another crackdown like the one the education sector faced was too great.

Facebook is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform.

(RTTNews) - Social media network Facebook Inc (FB) announced that it is going to introduce its cryptocurrency wallet named Novi Digital Wallet. The wallet will be tied to the Diem Blockchain system.