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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Facebook Stock

  • Facebook IPO Price Range Values Company Near $100 Billion A Facebook IPO price range has been set, valuing the company at approximately $85 to $95 billon, The Wall Street Journal reports.

    Facebook has set a range for its initial public offering of $28 to $35 per share. At that price level, the social network giant would raise just over $10 billion.

    Those lofty numbers would put Facebook on the path to becoming the most valuable Internet company in the United States.

    The price range is surprisingly lower than what many industry analysts had expected. The consensus was closer to $40 per share.

    Greencrest Capital Management analyst Max Wolf told MSNBC that Facebook most likely subdued the price range for the storied IPO due to recently passive mood surrounding the markets.

    "It feels to me that as market sentiment gets less bright, people are getting more nervous," said Wolf.

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  • The Facebook IPO: What's Next We may be just two weeks away from the Facebook IPO.

    Retail investors waiting to get their hands on Facebook stock can do so May 18, according to a report from The Wall Street Journal.

    It's not final - dates commonly change with IPO debuts. Facebook is still in the process of finalizing its regulatory paperwork, and Facebook representatives refused to comment on the exact date.

    What we can expect next in Facebook's hotly anticipated IPO is its traveling "road show"... Read More...
  • Facebook Ventures Into New Territory with Organ Donor Status Facebook is now in the business of saving lives, with another change it hopes all of its members will move swiftly to "like."

    The social network behemoth announced Tuesday morning a plan to encourage its millions of friends to start advertising their organ donor status on their Facebook pages. Facebook hopes the status update will create a kind of gentle peer pressure that will urge its 161 million U.S. members to add their names to the list of registered donors.

    More than 114,000 people in the United States, and millions more worldwide, are waiting for life saving heart, liver or kidney transplants. On average, 18 die per day because there aren't enough organs for transplants.

    Facebook aims to change that.

    The status change is being rolled out first in the U.S. and the United Kingdom, where Facebook has some 30 million members.

    Plans are to add other countries in the coming months.

    Facebook CEO and founder Mark Zuckerberg said in a statement, "We never could have anticipated that what started as a small network would evolve into such a powerful tool for communication and problem solving."

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  • Profit Falls Ahead of Facebook IPO – Will Investor Interest Follow? Is this the first sign of trouble for the Facebook IPO?

    The social media giant, now in the final weeks before its long awaited IPO filing, announced Monday that first-quarter profit and revenue has slipped since the end of 2011.

    Facebook (Nasdaq: FB) disclosed in a regulatory filing that profit fell 32% from the previous quarter to $205 million. Revenue dropped 6% to $1.06 billion. Sales were up 45% -- slower than the 55% sales growth in the last quarter.

    Expenses surged on costs related to data center building and workforce growth as the company manages its increasing subscriber base that's climbed to 901 million users worldwide. Expenses soared to $677 million - nearly double what they were a year ago.

    Facebook also blamed the drop on "seasonal trends" in advertising and user growth in regions that bring in less revenue per subscriber.

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  • Facebook IPO Date: May 17 Might Be the Magic Day Here's some news devout Facebook followers and savvy investors are sure to "like" - don't write it in ink just yet, but looks like May 17 could be the Facebook IPO date.

    While Facebook (NASDAQ: FB) refused to comment, "multiple sources close to the company" say that is the date, according to TechCrunch.

    Ever since Facebook filed the necessary papers to go public in February, speculation has run rampant as to the exact timing. Late spring sprung up as the most likely time, but no precise date was set.

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  • Possible Dates Released for Facebook Stock to Hit Markets Possible dates have been released for the highly anticipated Facebook stock (NASDAQ: FB) to start trading, and if they're right the company could start its road show in less than a month.

    CNBC reported that investors could see the Facebook IPO priced by May 16 or 17, and start trading the next morning, according to an anonymous source familiar with the matter. The social media giant filed for its IPO Feb. 1.

    If this timeline comes true, Facebook will start marketing the deal May 7.

    A possible IPO delay could stem from Facebook's new $1 billion purchase of photo-sharing network Instagram. The U.S. Securities and Exchange Commission has to review the deal and could approve as early as the end of April.

    If the Instagram deal takes longer than expected to approve, Facebook could hold off pricing until May 23 or 24, CNBC reported.

    The Facebook road show is expected to last about 10 days, focusing on potential investors in New York, Silicon Valley and Boston, according to the source.

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  • Zynga IPO Flop Proves Social Media Listings Are Still Suspect
    A strong debut by Zynga Inc. (Nasdaq: ZNGA) today (Friday) could have redeemed the tarnished reputation of social media companies. Instead, the online game-maker became the latest addition to salvage yard full of over-hyped social media companies that didn't live up to the promise of their initial listings.

    After debuting at $10 a share, Zynga stock tumbled 7.75% to $9.25 in just four short hours of trading.

    Money Morning Capital Waves Strategist Shah Gilani wasn't surprised.

    "I don't particularly like the position the company's in. It's got a lot of competition at its heels and I'm not sure about the valuation of the stock," he said on Fox Business' "Varney & Co." program this morning. "I think there's a lot of hype in the social media space."

    Indeed, Zynga's failure follows in the footsteps of Pandora Media Inc. (NYSE: P), LinkedIn Corp. (NYSE: LNKD), and Groupon Inc. (Nasdaq: GRPN).

    But that's not all.

    Here's what Zynga's initial public offering (IPO) means to investors going forward:

    • Zynga will set the tone for 2012: The tech IPO market this year has fizzled, and was in desperate need of a spark that Zynga didn't provide. This is an undesirable lead-in for Facebook Inc., which is expected to debut in the second quarter of 2012. It might also hurt Yelp! Inc., the business review site that filed for an IPO on Nov. 17.
    • It could influence future tech-IPO overpricing: Zynga drastically scaled back its initial pricing by more than 50% since July, when it was valued at $20 billion. Tech IPOs priced earlier in the year received a barrage of criticism for overpricing, but there's been much less of the same talk surrounding Zynga's range of $8.50 to $10. If it fails to close above $10 a share today, future tech IPOs may rethink their strategies.
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  • A Tech IPO Bellwether: What to Watch as Zynga Stock Starts Trading Social-gaming giant Zynga Inc. starts trading today (Friday), capping off a rocky year for tech initial public offerings (IPOs). A strong performance from Zynga stock today and into the New Year would shed the "bubble" reputation surrounding the sector in 2011.

    Here's what you need to know about this latest tech IPO:

    • Zynga will set the tone for 2012: The tech IPO market this year has fizzled, and could use a spark. Zynga could provide one. Scott Sweet of IPO Boutique told clients in an e-mail Wednesday morning there was more investor interest in Zynga than available shares. A strong debut for Zynga stock would be a good lead-in for Facebook Inc., which is expected to debut in the second quarter of 2012. It might also help Yelp! Inc., the business review site that filed for an IPO on Nov. 17. Finally, it might even subdue talk that tech is doomed for a second dot-com bubble.
    • It's Facebook-dependent: Zynga's growth is tied directly to Facebook. It generates a whopping 95% of its revenue through the social networking site, and that's not going to change anytime soon. While the relationship is an incredible revenue boost for Zynga, it's also a huge investor concern. If the business relationship soured, Zynga's revenue stream would dry up immediately.

      Still, this dependence could give Zynga stock a boost, in that investors eager to profit from Facebook's growth can do so with the social gamer.

      Zynga's contract with Facebook isn't up for review until 2015, giving Zynga three years to develop new revenue sources and decrease its Facebook dependence - if it proves detrimental. The company plans to push its product toward high-growth Asian markets.
    • It could mark the end of drastic tech-IPO overpricing: Zynga has drastically scaled back its initial pricing by more than 50% since July, when it was valued at $20 billion. Tech IPOs priced earlier in the year received a barrage of criticism for overpricing, but there's been much less of the same talk surrounding Zynga's adjusted range.

      BTIG analyst Richard Greenfield recommended participating in the IPO in the $8.50 to $10 range, and said even at the higher end he thinks it could yield up to a 50% return for investors within a year. Greenfield said the lower IPO price range favors investors and expects the company's revenue to grow by about 45% over the next two years.
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  • Facebook & Goldman Sachs: Don't Be Fooled by a Facebook IPO If you missed Google, should you bet on Facebook? We don't think so.

    Facebook will IPO. And it will IPO soon. The company may have no choice if the SEC gets a hold of its records. But that doesn't mean it will be a good stock to buy.

    Facebook is the most visited Web site in the world. Its founder just had a successful movie made from his life. And rumors about the company's IPO potential have investors and their financial advisors drooling.

    Yes, Facebook is popular. But none of those things means the company can make any money. And Goldman's nearly half-a-billion dollar investment in the social network isn't the... Read More...