184.25 -0.57 (-0.31%)
Pre-Market: 9:01AM EDT
|Bid||183.71 x 900|
|Ask||183.88 x 1400|
|Day's Range||183.90 - 185.70|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||27.43|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||221.50|
Snap’s latest feature to go viral is a reminder of why its social media rivals copy the ephemeral messaging app time and again.
Facebook's latest virtual reality (VR) device, called Oculus Quest, gets good reviews. Apps download straight to the device and WiFi connects users for multiplayer games. Comic book superheroes are notably scarce in VR content, which seems odd because comic book fans are super-passionate about their make-believe worlds.
Jakarta Governor Anies Baswedan appealed for public order and urged police to exercise restraint and avoid conflict with the protesters in the capital city. About 200 injured protesters have been admitted to various hospitals in Jakarta, Baswedan told reporters. President Joko Widodo won the presidential race with 55.5% of the national vote, the commission said on Tuesday, an outcome rejected by Subianto, who has threatened a court challenge.
After months of internal deliberations, discussions with experts and cannabis advocacy groups, among others, Facebook Inc. has decided to continue to block marijuana sales on its platform.
Several new studies have found a surge in homegrown “junk news” about immigration and Islam, rather than explicit attacks by foreign actors on EU institutions and personalities, in the run-up to this week’s EU elections. Can the EU solve its autocrat problem?
Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world's largest retailer aims to rev up its website and stores as a platform for other companies to reach customers. The event marks Walmart's first effort to grow its nascent advertising business and heralds the retailer's rising challenge to online ad leaders Alphabet Inc's Google, Facebook Inc and Amazon.com Inc. The event, called "5260," is named after a Walmart store near the retailer's hometown of Bentonville, Arkansas, which is known for being a test lab for retail innovation, Walmart told Reuters.
Former Facebook President Sean Parker discusses Opportunity Zones and Facebook regulation in a wide-spanning interview with CNBC. Parker says Amazon's about-face on its decision to build its second headquarters in New York City was "bad optics" for the company. Amazon's AMZN initial decision to build a second headquarters in New York City could have helped build small businesses , but its about-face reflects poorly on the company's image, former Facebook FB President Sean Parker said in a CNBC interview Tuesday.
Alex Stamos, who left Facebook in 2018, spoke on stage at the Collision Conference in Toronto. Stamos said Mark Zuckerberg should hire a new CEO for Facebook and turn his focus to building products. Former Facebook FB security chief Alex Stamos said on Tuesday that Mark Zuckerberg should hire a new CEO and turn his focus to building products.
U.S. equities are recovering on Tuesday as President Donald Trump makes overtures to both Iran and China in an apparent effort to relieve tensions with both nations. He pleaded with Iran's president to "call me" as the U.S. Navy continues to conduct drills in the Persian Gulf. And Trump temporarily eased restrictions against Chinese tech giant Huawei.As a result, the Dow Jones Industrial Average and the S&P 500 are attempting to crawl back up and over their 50-day moving averages. The Russell 2000 small-cap index, however, remains mired in the middle of a trading range going back to October, floundering below both its 50-day and 200-day moving averages. * 7 Stocks to Buy for Over 20% Upside Potential Big technology stocks are also under pressure, with a number of famous names in holding patterns near critical support levels. The reappearance of market weakness would result in major breakdowns, resulting in swift losses.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are four stocks to avoid: Tech Stocks Looking Vulnerable: Facebook (FB)Everyone has a love-hate relationship with Facebook (NASDAQ:FB). People are still hooked on the dopamine hit they get from social media. But this tech stock is facing a growing backlash against the company's privacy practices and the mental health implications of seeking all those likes and favorites. The company's shares are holding near their 50-day moving average, threatening a breakdown that would see a test of the 200-day moving average worth a loss of nearly 15% from here.The company is scheduled to next report results on July 24 after the close. Analysts are looking for earnings of $1.84 per share on revenues of $16.5 billion. When the company last reported on April 24, earnings of $1.89 beat estimates by 27 cents per share on a 26% rise in revenues. Amazon (AMZN)The bulls are fighting tooth and nail to keep Amazon (NASADQ:AMZN), one of the two most important stocks in the world, from breaking below its 50-day moving average. It has been trench warfare, with every intraday dip of that threshold vigorously fought for over the past two weeks. A breakdown looks likely here, which would not only put the 200-day average under threat but would likely result in a return to the early March lows, a near 15% loss from here. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The company is scheduled to next report results on July 25 after the close. Analysts are looking for earnings of $5.49 per share on revenuers of $62.5 billion. When the company last reported on April 25, earnings of $7.09 beat estimates by $2.37 per share on a 17% rise in revenues. Netflix (NFLX)Netflix (NASDAQ:NFLX) shares look even weaker, already trading below their 50-day moving average and desperate to hang onto their 200-day moving average as shareholders endure a trading range gong back more than a year. A breakdown here would set up a test of support near the $300-a-share level, which would be worth a loss of 14% from here.The company is scheduled to next report results on or around July 15 after the close. Analysts are looking for earnings of 56 cents per share on revenues of $4.9 billion. When the company last reported on April 16, earnings of 63 cents per share beat estimates by six cents on a 22.2% rise in revenues. eBay (EBAY)Shares of eBay (NASDAQ:EBAY) are threatening to break down and below a four-month trading range as they continue to flounder near the 50% retracement level of the 45% decline suffered from the early 2018 highs to the lows set in December. Watch for a move down to the 200-day moving average, which would be worth a loss of more than 10% from here. * 6 Chinese Stocks That Could Pop On a Trade Deal The company will next report results on July 17 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents per share beat estimates by four cents on a 2.4% rise in revenues.As of this writing, William Roth 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 for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 4 Tech Stocks Looking Vulnerable appeared first on InvestorPlace.
Must-Know Updates from Tencent, Instagram, and Snapchat(Continued from Prior Part)Instagram’s Explore will have Shopping and IGTV shortcutsFacebook’s (FB) Instagram app is revamping its Explore tab. The company is also doubling down on its
After a long drought, in 2019 we've had a flood of Initial public offerings. But a few of them are more interesting than the rest and perhaps the highest profile of all time. Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) are the two mega unicorns and the headline hogs. But Pintrest (NYSE:PINS) stock is my focus today because it is likely the sanest of the bunch.Source: Shutterstock The idea is to hold Pintrest stock for the long term as it could have an easier path to prosperity than UBER or LYFT. This is far from saying that PINS is a sure thing. In fact, it's not even a safe bet, but it makes for the best speculative trade for the next two years.With the advent of the cloud, the ubiquity of smartphones and the ease of connectivity, we now consume a ton of content online. Some of it is educational as I resort to the web for all my DIY help. Most of it so far has been on YouTube but I find myself looking on Pintrest more often. I bet I am not alone.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGetting expert help and ideas has become so easy online and Pintrest will capture more of the traffic in the next few years. It's a blend of YouTube and Facebook where like-minded people exchange ideas. I log on, pick a topic and instantly connect with my 290 million friends who use PINS on a monthly basis.With a few clicks, I can learn more about sport, health, decor, math or even classic trucks. I learned that while restoring my 1972 International Harvester pick-up. So what's not to like? Sign me up. * 10 Baby Boomer Stocks to Buy The topics are endless so the human imagination can take this platform to its fullest potential. The exciting part about this is that Pintrest has not yet scratched the surface overseas. Most of the income is from the U.S., so like Netflix (NASDAQ:NFLX), PINS has tremendous upside potential from growing its global pie piece.So how come the stock fell 15% after it reported earnings last week? Misalignment of expectations. Wall Street wanted to see a better bottom line than management delivered. But selling it for that reason is a mistake.PINS reported that they grew membership 22% year-over-year. The potential is not only with the count growth but with turning them into paying customers. There we also learned that their average revenue per user (ARPU) was up 26% YoY.So clearly, management is executing on growth plans successfully and they are focused on the right areas of their business. But instead of applauding them for the efforts, investors mistakenly focused on the fact that they missed their profit targets.PINS is a growth company so when I evaluate it, I give them a pass on the bottom line. It's more important to me that they deliver the growth they promise than profitability. They are supposed to spend a lot to grow, just ask Amazon (NASDAQ:AMZN) and NFLX investors. So for as long as PINS management continues to deliver fast growth, I don't care as much about a small miss on earnings.What about the whole sector? Is it a fad or a sustainable concept for years to come?There is no denying the fact that social media is here to stay. Of the major players, Pintrest is the one to own for the next few years. This is a stock to keep and should deliver a hefty return for those who are willing to be patient and perhaps see some short-term redness.Facebook (NASDAQ:FB) is the behemoth and a clear winner. But from here, I also like the odds for PINS. Twitter (NYSE:TWTR) has hit a plateau in user growth while PINS is just starting out. I am not a fan of Snapchat (NASDAQ:SNAP) at all since it had its chance and an extremely wild ride lower from its IPO. * 7 AI Stocks to Watch with Strong Long-Term Narratives It's simple: PINS stock has the cleanest upside potential from here of all the majors of social media. I can see a clear path to growth behind its global efforts. Internationally, the pool of potential paying users is massive as they have yet to maximize that.Its latest report shows that it grows sales 54% YoY and of it 100% in the international markets. However, those sales are only $15 million versus $187 million from the U.S. Clearly, they have room to grow there.In addition, so far their target audience is somewhat focused. But I bet that over time, PINS management will learn how to widen their target reach. And if we extrapolate the current growth metrics over to the new groups, they will leverage current systems to materially expand the P&L.In summary, Pintrest delivered 54% top-line growth, 22% user growth and 26% arpu growth and Wall Street sells it down 15%? Wrong … buy it.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Why Pintrest Stock Is a Better Bet Than Uber or Lyft appeared first on InvestorPlace.
Clickable shopping will allow creators to get back to “expressing themselves and sharing what's on their mind,” Instagram said.
Baidu's (BIDU) target price has been lowered by analysts at Susquehanna due to weaker-than-expected results in the first quarter.
Facebook (NASDAQ:FB) stock is back in gear again. Yes, it seems like old times! It's as if the prior issues and controversies such as with privacy and security breaches have simply just gone away. The bottom line: For the year so far, the Facebook stock price has clocked a gain of 42%. To put this into perspective, Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is up 12%, Apple (NASDAQ:AAPL) has gained 22% and Netflix (NASDAQ:NFLX) has returned 32%.Source: Shutterstock OK then, what can investors now expect with Facebook stock? Has the move been overdone? Or is there still an opportunity here?Well, we may not see the same kind of gains. After all, the markets are looking kind of dicey right now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut then again, I still think FB stock will still do relatively well. If anything, it may be a source of stability in a volatile environment.So let's take a look at three key factors for the bull case on Facebook stock: FB Stock - Barriers To EntryWhen Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) evaluates a stock, it looks for a moat. This is a strong barrier to entry against competitors.Facebook actually has multiple moats. They include the main Facebook platform, Instagram, Messenger and WhatsApp. In all, these properties have a staggering 2.38 billion users and 2.1 billion use them on a daily basis. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The recent privacy issues have shown just how resilient these apps are. For the most part, users have not really cared much. They generally see that the value of Facebook's apps as standout. Keep in mind that in the latest quarter the annual growth rate of the user base was 8%.This is certainly impressive given the scale. What's more, as seen with other social media operators like Snap (NYSE:SNAP) and Twitter (NYSE:TWTR), it's no easy feat to grow a user base.So Facebook's moats position the company to keep getting an out-sized portion of the global ad opportunity. FB Stock - GrowthGrowth continues to be robust. In the latest quarter, FB reported that revenues jumped by 26% to $15.1 billion. There was also $6.4 billion in operating earnings (this excludes the $3 billion reserved for a potential payout for a fine to the Federal Trade Commission). And yes, a key driver has been Instagram. According to Kenshoo, the app saw 44% growth in spending in Q1.But there is also a secular trend towards digital advertising. IDC forecasts that the market will go from $229 billion in 2017 to $360 billion by 2021, which is a compound annual growth rate of nearly 11%.To keep up the growth rate, FB has several important levers. These include WhatsApp and Messenger, which are in the early stages of monetization. Facebook also is exploring entering new categories, such as payments (with a focus on a cryptocurrency) and ecommerce, such as with Instagram Checkout and Marketplace.True, these are tough markets to crack. But the company has the big-time advantage of a massive user base and a treasure trove of data. FB Stock - ValuationEven with the run-up in FB, the valuation remains at a reasonable level. Note that the forward price-to-earnings ratio is at 20X, which represents a discount to the company's growth ramp.Wall Street is also getting more bullish. For example, the average price target is $221.50, which assumes about 18% upside from current levels.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he 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 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post 3 Reasons Why the Rally Wonat Stop on Facebook Stock appeared first on InvestorPlace.
Alibaba's (BABA) cloud computing arm adds nine new partners to the EMEA Ecosystem Partner Program in an attempt to expand globally.
The findings could add to concerns around the potential impact of online misinformation on upcoming European elections.
The trade war is hurting many stocks that have significant exposure to China. Here we highlight five stocks for longer-term equity investors that will provide safe and secure returns.
TikTok's owner has launched a new messaging service that could pose a threat to Facebook and Snapchat. CNBC's Julia Boorstin reports.