|Bid||181.19 x 1200|
|Ask||181.21 x 800|
|Day's Range||178.25 - 181.44|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||23.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Social media stocks are in the spotlight this week with Twitter and Snap reporting earnings Tuesday and Facebook following on Wednesday. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Sylvia Jablonski,Direxion Managing Director, Capital Markets—Institutional ETF Strategist discuss.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Brian Sozzi discuss Sri Lanka's decision to block social media after the deadly and tragic attacks.
It's been a busy week — it's tough to keep up with all the cybersecurity news. TechCrunch: As all eyes were on attorney general William Barr giving his highly anticipated summary of the Mueller report out this week, Facebook was quietly updating a blog post it had published a month earlier, revising up the number of Instagram accounts affected by a years-long bug that stored passwords in plaintext. Facebook admitted that "millions" of accounts were affected and not "hundreds of thousands" as it had first estimated.
U.S. stocks struggle to maintain a foothold in positive territory as investors face a big week for corporate quarterly results and economic data.
Snapchat (SNAP) is releasing earnings tomorrow after close and investors are likely in for some substantial volatility. Since their IPO in early 2017 SNAP has on average had a 20% price movement from earnings releases with 75% of those moves being to the downside.
FB stock had a huge 5-year run until it ran into a wall in July 2018 and cratered 44% by December. Now Facebook stock is back on the upswing. Is it time to buy? Here's what the fundamentals and technical analysis say.
The chief executives of Boeing Co., Facebook Inc. and Tesla Inc. are all being targeted by government agencies amid difficulties, and their top executives are about to hand the microphone down the line to one another to talk about it.
Sri Lankan authorities flicked the off switch on most social media after Easter Sunday attacks on churches and hotels killed hundreds of people, a lightning fast reaction that reflects accumulated distrust in the capability of American internet companies to control harmful content.
The retailer’s brands still resonate with teen shoppers, but its smaller rivals are locking in more Instagram followers.
But it sounds more like an internal operating system for its hardware products than a potential rival for Alexa or Siri.
Key Macro Updates: Growth, Central Banks, and Earnings(Continued from Prior Part)Resilient earningsLast year, several observers raised concerns that corporate earnings growth could disappoint in 2019. However, so far, the first-quarter earnings
JPMorgan Chase analyst Doug Anmuth did a deep dive on five internet companies set to report earnings this week, and concluded that Amazon, Facebook and Twitter are his favorites.
Tech companies are about to hit competition they can’t shake: Their slightly younger selves. Get ready for the phrase “tough compare” to be muttered by dozens of executives and analysts as earnings season hits high gear this week, because growth was so strong in 2018 that 2019 is bound to look bad by comparison. The first quarter for tech is often slower after the holiday rush, but not last year, when semiconductor companies flourished selling suddenly scarce memory and crypto-mining chips and profit was easy to find even in the famously profit-averse internet sector amid the tax-cut windfall.
The Bay Area’s 20 highest-earning women executives hail from the Bay Area's top tech companies as well as its retail and financial giants. Several companies — Square, Cisco and Williams-Sonoma — have multiple executives in our top 20 list.
Sri Lankan officials blocked social media services like Facebook and WhatsApp following deadly Easter Sunday bombings that killed nearly 300 people, attempting to prevent the spread of misinformation. Sri Lanka previously banned social media during a 10-day state of emergency in March 2018. In an effort to prevent the spread of misinformation , Sri Lankan officials have blocked social media in the country after a series of bombings at churches and hotels on Easter Sunday killed nearly 300 people.
Visual discovery platform Pinterest (NYSE:PINS) started out life as public company on the right foot. The Pinterest IPO price? $19. The opening price? $23.75, up 25% from the list price. The price as of this writing? North of $24, up a few more percent from the sky high open price.Broadly speaking, the Pinterest IPO is set to be a huge opening day success. But, those who follow IPOs know that opening day successes don't always lead to long term successes. Sometimes, first day pops are all hype and no follow through. The hype fades, investors sell and the stock falls.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat isn't the case with the Pinterest IPO. This stock is worth every ounce of hype it is receiving on opening day.In the big picture, Pinterest is a long-term winner. This is a hyper-growth digital ad company that checks off every box a hyper-growth company should check off.Robust user growth that isn't slowing much? Check. Big revenue growth from a small base with plenty of room to run? Check. Small but increasing revenue market share in a secular growth market? Check. Big and climbing gross margins? Check. Big but rapidly falling opex rates? Check. Narrowing losses? Check. Visibility to huge profits within the next few years? Check.In other words, Pinterest has what it takes to be a long term winner in the stock market. Meanwhile, the current valuation isn't stretched considering the company's long term growth potential. * 5 Dividend Stocks Perfect for Retirees Consequently, the Pinterest IPO is much more than just hype. It's hype and follow through. PINS stock will ultimately head considerably higher from here in the long run. Pinterest Is a Really Good CompanyAs a consumer, I've always had a somewhat favorable view on Pinterest. Its unique value prop as a visual discovery and curation platform in a world that is increasingly drawn to visual-first platforms and desperately in need of curation are super attractive. As an investor, after looking at the numbers in the S-1, I'm also convinced that this is a really good company with a ton of long term growth potential.First, and foremost, let's discuss why Pinterest has staying power in a crowded consumer-facing digital economy. Broadly speaking, digital search through Google or Bing has shortcomings. It's not great for searching when you don't know exactly what you're looking for. It also isn't great for contextualizing a search, or personalizing a search, or even dong much besides getting consumers to the end-point (a link).Pinterest solves these pain points by turning search into visual discovery. They create a personalized feed of visual-first Pins which are curated through genres and categories, so as to personalize and contextualize a search while allowing for discovery in the absence of a distinct search.Right now, Pinterest is the best in the world at doing this. So long as this remains true, network effects will keep Pinterest exceptionally relevant to the consumer.Now, let's dig into the numbers to see why this is a winning company. Consider all of the following: * Pinterest is bigger than Twitter (NYSE:TWTR) in America. Pinterest reported over 80 million and growing monthly active users in the U.S. last quarter. Twitter's monthly user base in the U.S. is under 70 million and falling. * Pinterest is growing more quickly than Twitter and Facebook (NASDAQ:FB) internationally. Pinterest grew its international user base by 6% sequentially last quarter. Facebook's international user growth was 2% quarter-over-quarter. It was negative over at Twitter. * Pinterest is the fastest growing public digital ad company on the revenue front. Pinterest grew revenues by nearly 60% year-over-year last quarter. Snap (NYSE:SNAP) was at 36% growth. Facebook was at 30%. Twitter was 24%. * Margins are really strong. Pinterest gross margins are near 70% and steadily improving. The opex rate is below 80% and rapidly falling. The operating loss rate is -10% and rapidly shrinking, too. * Market share is tiny. At less than $1 billion in revenue in 2018, Pinterest controls a tiny part of the near $300 billion global digital ad market, but its share in that market is growing. Fundamentals Imply Upside to a $15 Billion ValuationIn the big picture, there is fundamental runway for Pinterest stock to run towards a $15 billion valuation in 2019.Here's the math. Pinterest's U.S. user base appears to be stalling out around 80 million. Maybe that gets to 90 million or 100 million over time. That would represent right around 40% of Facebook's 250 million domestic user base. Thus, in the U.S., the rough translation is that around 40% of Facebook users see the need to also have a Pinterest account.Will that happen internationally, too? Will 40% of international Facebook users see the need to also have a Pinterest account? Probably not. But, Pinterest's international user base is already nearly 10% the size of Facebook's international user base. At scale, that could easily run towards 15%, or higher.If so, that should produce around 400 million international Pinterest users by 2025, assuming tepid growth in Facebook's user base. In addition to 100 million users in the U.S., Pinterest could be looking at a global user base of roughly 500 million by 2025.Quarterly average revenue per user exited 2018 just north of $1. That's pretty low; and it's without any meaningful international revenue. Over at Twitter, the quarterly ARPU rate is right around $2.50. Pinterest could get there by 2025, as they increase revenue opportunities and more aggressively monetize international users.A $2.50 quarterly ARPU rate on 500 million users implies $5 billion in ad revenue by 2025. Gross margins will likely scale towards 80% by then, while the opex rate should fall towards or below 50%. That would produce operating profits of about $1.5 billion, or net profits of $1.2 billion after a 20% tax deduction.Based on a growth average 20 forward multiple, that implies a 2024 valuation target of $24 billion. Discounted back by 10% per year, that equates to a fiscal 2019 valuation target of just under $15 billion. Bottom Line on the Pinterest IPOThe Pinterest IPO had a lot of hype, and deservedly so. This company is a long term winner, supported by strong fundamental growth drivers. Pinterest stock will ultimately head meaningfully higher in a multi-year window.As of this writing, Luke Lango was long PINS, TWTR, and FB. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post The Pinterest IPO Is Worth the Hype on Fundamentals Alone appeared first on InvestorPlace.
Dow Jones futures: Earnings reports will tackle key stock market questions this week. Can chips keep running and software rally? Will Facebook grow? How costly is the Boeing 737 Max mess?
Half of the FANG trade goes under the microscope this week. Facebook FB and Amazon AMZN , worth $1.4 trillion combined, will report on earnings on Wednesday and Thursday, respectively. The options market is not pricing in how volatile trading could get in the wake of those releases, according to Stephen Mathai-Davis of research site Quantamize.
About 1.5 million new users had their email contacts uploaded into Facebook without their knowledge when they joined the social network. Facebook said it was not intentional. Kris Van Cleave has more.