Earnings season has hit top gear for the stocks that make up the largest components of the Nasdaq Composite (NASDAQINDEX: ^IXIC). The Nasdaq has been near all-time record highs, but on Thursday, the index pulled back from what appeared to be the beginning of a record run. As of 1
Technology stocks were trading lower, with the SPDR Technology Select Sector ETF Thursday slipping 0.6% while the Philadelphia Semiconductor Index was dropping 0.3% this afternoon, reversing a morning advance.In company news, Citrix Systems (CTXS) fell 7.6% after the workplace co
The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic data, while the Nasdaq eased as investors locked in profits from certain megacap technology firms.
Blocking a proposed British class action against Google, that alleges it secretly tracked millions of iPhone users a decade ago, risks allowing big firms to behave with impunity, a lawyer told the Supreme Court on Thursday.
Facebook Inc on Thursday said it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network.
In early trading on Thursday, shares of Facebook topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.4%. Year to date, Facebook registers a 19.6% gain.
In early trading on Thursday, shares of LKQ topped the list of the day's best performing components of the S&P 500 index, trading up 7.5%. Year to date, LKQ registers a 38.8% gain.
The S&P 500 and Nasdaq indexes hit record levels on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while upbeat economic data supported bets of a swifter economic recovery.
I look at Google (NASDAQ: GOOGL) and Facebook (NASDAQ: FB) earnings in today's video. Both these stocks shattered earnings, which sent their stock prices up. Here I share two reasons why they can still keep growing.Two reasons Google can still grow:
Adobe Systems (NASDAQ: ADBE) and Shopify (NYSE: SHOP) each play an important role in helping clients modernize their businesses. Both have also been market-beating investments over the last three years, with Adobe up 135% and Shopify surging 790%.Looking ahead, as more content an
Technology stocks were gaining in Thursday's pre-bell activity. The Technology Select Sector SPDR ETF (XLK) was 0.85% higher and the Semiconductor Sector Index Fund (SOXX) was up more than 1% recently.Facebook (FB) was up more than 7% after it posted Q1 earnings of $3.30 per dilu
I look at earnings from Pinterest (NYSE: PINS) and Spotify (NYSE: SPOT) in today's video, and share three reasons why their drop in stock price might be a buying opportunity. Pinterest
Pinterest's most recent earnings showed strong year-over-year growth in revenue, monthly users,
Facebook Inc said Thursday it will give $5 million to pay local journalists in multi-year deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network.
Wall Street's main indexes were set to open higher on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while investors parsed a barrage of quarterly reports as well as the latest batch of economic data.
Snap's (NYSE: SNAP) Snapchat is still the most popular social media platform for U.S. teens, according to Piper Sandler's (NYSE: PIPR) latest semi-annual "Taking Stocks with Teens" survey.Thirty-one percent of the survey's 7,000 respondents preferred Snapchat, compared to 30% who
Helping lift futures are expected Fed comments that taper talk is off the table at least for now, President Biden’s speech calling for greater government investment to boost the economy, and blowout earnings from Apple (AAPL), Facebook (FB), and Qualcomm (QCOM).
A proposed EU law that forces Google, Facebook and Twitter to remove terrorist content within an hour of publication cleared its final hurdle after EU lawmakers gave their backing despite concerns from civil rights groups.
Facebook (FB) and Gucci have sued the head of an international counterfeiting business. In the lawsuit, the two companies allege that the individual has been using several Facebook and Instagram accounts to sell imitation Gucci products.
This first of its kind lawsuit for the two companies underscores Facebook's fight against the proliferation of counterfeit products on its social networking apps. The company's terms strictly prohibit infringement of IP and the sale or promotion of phony products. It has also put in place IP protection measures as part of its global program for taking down content.
Facebook insists that collaborations with brands such as Gucci are essential if it is to succeed in tackling counterfeits in its apps. Their partnership is built on a joint commitment to combat the sale of counterfeit goods online. (See Facebook stock analysis on TipRanks)
The social networking giant has also affirmed its commitment to ensuring its platforms are safe for people and businesses to connect and do business. Likewise, it plans to continue working with Gucci in enforcing efforts against counterfeits.
Baird Equity Research’s analyst Colin Sebastian remains bullish on Facebook's prospects after solid 1Q 2021 financial results. According to the analyst, the results were positive, with upside to revenues and profit margins.
The analyst has also quashed concerns about Facebook's Q2 outlook reiterating that the company is well-positioned to leverage first-party data and predictive analytics.
"Despite impressive revenue growth and margins, Facebook's monetization rates on its ads are still very low outside of the US. Over the next two years, we forecast Facebook revenues to increase significantly, reaching ~$130B by 2022, representing a compounded annual growth rate (CAGR) of approximately 30%” Sebastian wrote in a research note to investors.
The analyst has reiterated a Buy rating on the stock with a $340 price target implying 10.71% upside potential to current levels.
Consensus on Wall Street is that FB is a Strong Buy based on 21 Buy and 3 Hold ratings. The average analyst price target of $364.48 implies 18.7% upside potential to current levels.
Facebook scores a 7 out of 10 on the TipRanks' Smart Score rating system, implying that its performance is likely to align with market averages.
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