Wall Street 1/14/13
Facebook Upgraded Ahead of Event Chatter and 4 Social Media Stocks Seeing Action
By Leah Powell | More Articles
January 14, 2013
On Monday, the company was upgraded to Buy from Hold at Deutsche Bank as talks continues prior to a surprise media event for the social networking firm. According to Deutche Bank analyst Ross Sandler, Facebook “has more revenue momentum than any company we cover heading into 2013.” The company’s mobile newsfeed advertising is “thegame-changer, but the ramp up is happening much faster than our initial estimates and we see several new catalysts emerging,” Sandler stated.
I'll say two things in reply...(1) Deutche Bank Upgraded a lot of stock this morning at 5 year highs including Tiffanys which warned a week ago (2) the reason this sells off further before 1pm is read every other reply to your statement they are all crazy bullish I'll take the contrarian view when I see all the people who think this stock goes up another 10% in one day after a 10% in a few days.