FB PE: 158 LNKD PE: 808 Could be win win for FB this week on what happens to LNKD
LNKD reporting on 8/1: If results beat, FB will get the social flow benefit along; If the results of LNKD not favorable, FB will pick up the social money from investors from both LNKD, YELP outflows..
Market goes up FB will go up, mkt goes down, FB will pick up profit taking money.. IMHO and like FB as social network it is win win this week for FB
LNKD in falling, will the theory above will be a reality? Would invest if this crosses $40 couple above the $38 sale fear factor, till then no commitment though I believe in this company as a power user
The second part of your statement really makes no sense. The two events won't be tied because FB already repoted a huge earnings so how can LNKD materially show money is flowing into the sector when FB has already reported. Neither LNKD or P have enough income to help FB and beside FB has already reported so the point is mute.
Following couple of discussions this morning by professionals and the basic point is the investment companies allocated and onboarding technical companies that are social by nature. LNKD, FB, YELP are their top picks in general. So when they get out of one the natural tendency is to shelter in another one with in the sector.. It is all forward looking from everyones perspective