|Bid||185.01 x 800|
|Ask||185.19 x 900|
|Day's Range||184.28 - 187.58|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||27.50|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||221.50|
Tim Cook took the stage during Tulane University's 2019 graduation ceremony, telling the graduates to challenge their worldview and improve the world.
With less than one in five Americans reading just for fun these days, we've done the hard work for you by scouring the internet for the most interesting, thought provoking books on science and technology we can find and delivering an easily digestible nugget of their stories. Today, those wealth metrics have been joined by a 21st century invention: your personal data. In How to Be Human in the Digital Economy, author and professor of ethics at the Victoria University of Wellington, Nicholas Agar examines humanity's role in an increasingly automated future of our own design.
Netflix worked hard to make “binge-watching” a trend, but now it seems to be backing away from the word if not the concept. It’s all about smart marketing.
Global payments revenue is expected to grow 9% annually through 2022, which equates to roughly $1 trillion of net new revenue, according to an October 2018 McKinsey report. Interestingly, the report states that “in the U.S., in-person use of digital wallets will increase at a 45% compound annual growth rate to reach nearly $400 billion in annual flows by 2022. Although most of this growth is expected to be on ‘pass through’ wallets like Apple Pay, private-label wallets such as (SBUX) and (WMT) Pay—both of which have enjoyed impressive early adoption—will also continue to increase in popularity.” Even after growing that quickly, digital wallets will represent less than 10% of U.S. consumer in-person point-of-sale payments in 2022.
There should be a "menu of options" available to deal with Facebook and other tech giants, says Arizona AG Mark Brnovich. When it comes to dealing with tech giants like Facebook there should be a "menu of options" available — including splitting them up, Arizona Attorney General Mark Brnovich told CNBC on Friday. In an interview with CNBC on Friday, Facebook's chief operating officer, Sheryl Sandberg , pushed back against the idea of breaking up the social media giant.
Shares of Facebook (NASDAQ:FB) haven't been able to sidestep the selling pressure over the past few weeks. Shares have pulled back, with FB stock falling from roughly $200 down to $180. However, the pullback has been very orderly so far and is even finding some moving average support.Source: Shutterstock Is this investors' chance to hop on the Facebook train or should they stay clear in the event of more selling?With the trade war hitting U.S. stocks, virtually all industries are under pressure, even though not all of them are impacted by the trade war. For instance, cloud companies like Adobe (NASDAQ:ADBE) or Salesforce (NYSE:CRM) won't see their businesses impacted by the trade war. Nor will Twilio (NYSE:TWLO) or Splunk (NASDAQ:SPLK). Worth mentioning is that Facebook isn't allowed in China, although its WeChat has plenty of global exposure.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy point is, even though some of the companies above aren't impacted by the trade war, their stocks are still under pressure. FB stock is no exception either. Maybe the indices have already bottomed from these headlines, but it doesn't feel like it. If we have one or two more down legs to do go, investors will get a better shot at Facebook stock. That said, traders have a reasonable risk/reward situation with FB right now, should the markets hold up. Trading FB Stock Click to EnlargeSo far, uptrend support (blue line) and the 50-day moving average are holding up for FB stock. That's a perfect spot for traders to watch, too. A pullback in a strong stock to its 50-day usually draws in buyers, even if only for the short-term. Facebook at least has that going for it right now. * 7 Tech Stocks to Buy That Are Also Perfect for Retirement The key is to see what kind of bounce we get. Is it a modest 1% to 2% rally or does it send FB stock back to recent highs near $195? If it clears $195, $200 is on deck. Over the 61.8% Fibonacci retracement at $182.10 increases the odds for a retest of the 20-day moving average and gives some momentum to bulls.Should the selling accelerate in the overall market and FB stock gets pulled down, there are levels of support below too. A price of $170.82 marks a 50% retracement and down near $159.50 is the 38.2% retracement. The latter comes into play near the 200-day moving average and is a key level of support. Conveniently, $170 could be decent support too, it just depends on the aggressiveness of sellers should we get a pullback down to these levels.We may not see that type of decline, but if we do, it will pay to know where FB stock can hold up. Valuing Facebook StockIt was like the sky was falling with Facebook stock over the past year, as investors were dumping the social media giant hand over fist. That's despite it having the best financials and metrics compared to peers like Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Privacy concerns and worries about leadership caused investors to puke up the stock. Never mind that FB stock has one of the strongest balance sheets in the stock market and is a cash-flow machine.Analysts expect the company to earn $7.05 per share this year. That's down almost 7% from the prior year. The plus side is that they expect 32% earnings growth to $9.32 per share in fiscal 2020. On the revenue front, growth is doing anything but slowing. Estimates call for 24% growth this year and 21% next year. * 7 Stocks to Buy that Lost 10% Last Week Social media is far too efficient for businesses to ignore when it comes to advertising and it's far too addicting for users to put down. So long as that remains the case, Facebook will be in business. That bodes well for long-term investors, particularly given the balance sheet strength of FB stock.Long-term investors may consider waiting for a larger correction in FB stock should they want to bet on the continued growth in social media. Otherwise they could consider a nibble of Facebook near current levels.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Can Facebook Stock Rally Back to $200? appeared first on InvestorPlace.
Let's see if investors should consider buying TJX stock before its Q1 earnings results after retail bellwethers Walmart (WMT) and Macy's (M) showed positive same-store sales growth and continued e-commerce expansion.
Here's Jeffrey Gundlach's Take on What to Expect from Markets(Continued from Prior Part)Odds of recessionJeffrey Gundlach believes that the likelihood of a recession in the next two years is extremely high. He believes while there is a 50% chance of
Facebook executives are making progress when it comes to speaking with the public, but need to focus on changing its business model, early Facebook and Google investor Roger McNamee told CNBC on Friday.
Competition commissioner Margrethe Vestager doesn't think splitting up the giant social network is the best way to rein it in.
Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva's commercial register shows. Libra Networks, with Facebook Global Holdings as stakeholder, was registered in Geneva on May 2 to provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal.
Not every analyst is a huge fan of Facebook (NASDAQ:FB). That's fine. That difference of opinion gives FB stock investors -- as well as the rest of the analyst community -- plenty to think about.Source: SilverIsdead Via FlickrNone are as bearish on Facebook stock as Pivotal Research Group analyst Brian Wieser is, however. Wieser currently sports the lowest of all price targets on the social networking giant's shares. His estimated value of Facebook stock? A mere $120, which is 35% less than the current FB stock price of $186.It is, admittedly, outrageous given Facebook's pedigree and history. And Wieser's thesis is also more subjective than objective, which most investors tend to dismiss in favor of more numerically-driven calls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs The thing is, he's got a point loyal owners of Facebook stock may want to at least entertain. What Wieser SaysWieser's been a FB critic for a while. As far back as 2017 he voiced concern that the advertising reach Facebook boasted of the United States' 18 to 24 year olds was mathematically impossible. Facebook said it had a potential 41 million individuals in this crowd, but the most recent U.S. census reports there were only 31 million people between those ages living in the U.S.Facebook responded, explaining "Reach estimations are based on a number of factors, including Facebook user behaviors, user demographics, location data from devices, and other factors. They are designed to estimate how many people in a given area are eligible to see an ad a business might run. They are not designed to match population or census estimates. We are always working to improve our estimates."While no demographic research is perfect, a ten-million-people overstatement is more than mere rounding error, and it underscores a point Wieser has made more than once. That is, per a note published in October, "the company is not as in control of its business as it needs to be."Wieser was specifically referencing a spate of issues that had then-recently surfaced, including accusations of deceptive video-ad metrics and new hints that a data-scraping outfit with Russian ties may have illicitly garnered user data. The bigger point remains the same though. That is, each question that's raised ultimately dents the social media platforms ability to sell ads.He's not changed his mind in the meantime either. In January of this year, Wieser voiced further concern that "the toxicity of the company may also deter commercial partners from choosing to work with Facebook, or otherwise make terms less attractive to Facebook." The Pivotal Research analyst believes that Amazon.com (NASDAQ:AMZN), of all outfits, could be in good position to swipe some of Facebook's ad share."Despite its current massive size," Wieser says, "we see Amazon's opportunities as mostly unconstrained based on a successful track record of capitalizing on consumer and IT department spending."Certainly Twitter (NYSE:TWTR) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) breadwinner Google could also capitalize on the crimped credibility of Facebook. PhilosophyThe challenge to Pivotal's point of view is two-fold. First, it lacks specifics and is more philosophical in nature. Second, if it's going to happen, it hasn't happened in earnest yet.Last quarter, Facebook's top line of $15.1 billion was up 26% from the year-earlier figure of just under 12.0 billion. Were it not for a $3.0 billion charge from legal expenses related to an FTC matter, operating income would have rolled in at $6.3 billion, up 12% from the year-earlier figure of $5.6 billion. The number of daily users reached another record of 1.562 billion, and the average revenue per user was up year-over-year from $5.53 per quarter to $6.42.Something has changed though. The company's cost of revenue grew to 19% of its total sales, moving to its highest rate for the past eight quarters.One quarter doesn't make a trend, but all trends start with one quarter's worth of data. If it's getting tougher to sell ad space, the company's 'cost of revenue' line is one place the shift would materialize first.And that's happening on the eve of another sweeping change that Facebook has been forced by societal pressure to make. Facebook is about to unveil a 'clear history' feature to its users that will effectively delete the valuable browsing data each of those members has created about themselves that's then sold to advertisers seeking highly-granulated information.Advertisers who may already be less-than-impressed with Facebook's platform will now have to settle for even less-specific user data, shoving Facebook into a corner Wieser has long feared the company would paint itself into by overly aggressive and misguided practices.Then there's growing governmental regulation. France is the latest nation to put Facebook's operation under the microscope, effectively writing Facbook's hate-speech policies for the company. More such rules are now sure to come, opening the door to heavy-handed government control no publishing platform truly wants to allow. Bottom Line for FB StockEven so, Wieser concedes that Facebook's problems are fixable. Whether the company is ready so or not remains in question.Case in point: To its credit, the social media outfit just raised the bar on what sort of streaming video content would be allowed on live streams following Facebook's part in airing March's mass shooting in New Zealand. The decision arguably comes too late though, confirming Wieser's take from October that concluded:"The underlying problem that we see is that the company has been so focused on growth at any cost that it has failed to sufficiently invest in processes that might anticipate problems, acknowledge problems fast enough or fix problems fast enough."Sloppiness and a lack of forethought are difficult habits for a corporation with its own culture to change. If Facebook doesn't, it's only a matter of time before that failure comes back to haunt the company. * 6 Chinese Stocks That Could Pop On a Trade Deal That could easily drag FB stock back to $120, even if the target isn't accompanied by supporting math.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Why Facebook Stock Could Fall to $120 appeared first on InvestorPlace.
A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday. The EU antitrust chief was asked about Facebook at the VivaTech technology conference in Paris after leading U.S. Democratic politicians and one of Facebook's co-founders recently spoke in favour of a break-up of the company. "Of course it would be a remedy of very last resort.
A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday. The EU antitrust chief was asked about Facebook at the VivaTech technology conference in Paris after leading U.S. Democratic politicians and one of Facebook's co-founders recently spoke in favor of a break-up of the company. "Of course it would be a remedy of very last resort.
The cry among politicians to "break up Facebook (NASDAQ:FB)" has been met by the owners of FB stock with a collective "meh."Source: Facebook Since the start of 2019, Facebook stock price is up 42%, adding over $100 billion to the market cap of FB stock, which stands at about $534 billion. FB stock sells for 28 times last year's earnings and nine times last year's revenue. * 6 Chinese Stocks That Could Pop On a Trade Deal This is true despite increasing calls to break up Facebook, or at least treat its services as a public utility. The latter call comes from Facebook's own senator, California Democrat Kamala Harris.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFacebook's vice president for corporate affairs, former British Deputy Prime Minister Nick Clegg, has become the public face of the company's opposition. He writes that a breakup "wouldn't fix what's wrong with social media." Sadly, he's right. The Thought PoliceFacebook and Alphabet (NASDAQ:GOOGL) became dominant on the globe's "free web," using their cash flow to build networks of cloud computers and fiber lines. Since the 2016 election, even Facebook has come to recognize the limits of this approach.But no one, not even Facebook co-founder Chris Hughes, whose New York Times screed calling for its breakup pushed the current debate into overdrive, has a clear plan for keeping what makes Facebook great while containing its potential harm.If the Facebook service is separated from FB's Instagram and Whatsapp services, that may just create three speech overlords, instead of one. Separating the cloud Facebook built from the services that fund it would create a dilemma about how to pay for the cloud network. Down with ChokepointsThe chokepoint for the world's regulators is the "last mile" of every internet transmission, the regulated wired and wireless networks that can be used to prevent a freedom fighter or a terrorist from marketing his ideas.That chokepoint, too, may be about to disappear. Facebook is in a race with Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA) founder Elon Musk's SpaceX, and venture-funded OneWeb to launch satellite networks aimed at giving remote villages fast internet access. Or, you might say, giving Abu Bakr al-Baghdadi the same web access that Donald Trump has. Public vs. Private RightsWhen the web was launched 25 years ago, internet activists liked to point out that the First Amendment "is just a local ordinance," arguing that the web would enable worldwide free speech.What Cambridge Analytica, and commercial imitators like Rankwave, which Facebook is going after in court, prove is that utopian visions can have dystopian results.Government can be repressive, but private companies can enable repression. Facebook's claim to allow free debate within arbitrary limits, is just as absurd as the contentions of Chinese President Xi Jinping's. The Bottom Line on FB stockFacebook is trying to square this circle by becoming a global common carrier, offering communication that's both private and ubiquitous.But common carriers are controlled by shareholders. Facebook and Google, with their dual share structures, are controlled entirely by their founders and would, in theory, be controlled by their founders' heirs, just as The New York Times (NYSE:NYT) is now on its fifth generation of Sulzbergers.What's clear is that there are no easy answers. One man's terrorist is another man's freedom fighter. One woman's scam artist is another woman's hard-working marketer.The hard questions that existed at the internet's birth have yet to be answered. A process for answering them must still be created. It will be imperfect, and it will cost money to administer, money that the free web may be unable to afford.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Facebook Stock Doesnat Take Threats Seriously appeared first on InvestorPlace.
Sheryl Sandberg, Facebook's chief operating officer, spoke with CNBC in an exclusive interview. "You could break us up, you could break other tech companies up, but you actually don't address the underlying issues people are concerned about. People are concerned about election security, content, privacy and data portability," Sandberg said.
Walt Mossberg, Recode co-founder, joins "Squawk Alley" to discuss privacy concerns around Facebook and Facebook COO Sheryl Sandberg's interview on CNBC.
Sheryl Sandberg, Facebook's COO, sits down with CNBC's Julia Boorstin to discuss privacy concerns surrounding the recent WhatsApp security breach, which Facebook owns.
Sheryl Sandberg, Facebook's COO, sits down with CNBC's Julia Boorstin to discuss privacy concerns with the company, breaking up big tech firms and more.
Roger McNamee, Elevation Partners co-founder, and Mark May, Citi senior internet analyst, join "Squawk Alley" to discuss comments made by Facebook COO Sheryl Sandberg to CNBC on data privacy and breaking up big tech firms.
Sheryl Sandberg, Facebook's COO, sits down with CNBC's Julia Boorstin to discuss privacy concerns with the company, breaking up big tech firms and more.