Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

  • Nasdaq: FB

  • Facebook Earnings Preview: Will Investors "Like" Q4 Earnings? Company_Facebook_like

    Facebook (Nasdaq: FB) stock has staged an impressive rebound in recent months after the company's disastrous IPO.

    Since mid-November, the social networking giant's stock has gained more than 68%, going from a near-low of $19 to more than $32.

    Investors will be watching closely when Facebook releases Q4 earnings after close tomorrow (Wednesday) to see if the company can maintain its momentum.

    Expectations are high, as a bevy of analysts have upgraded their outlooks for the stock, though it is still trading well below its IPO price of $38 and its high of $42.

    Wall Street projections are for Facebook to report earnings of 15 cents per share on revenue of $1.52 billion.

    To continue reading, please click here...

    Read More...
  • Mystery Facebook Event: Five Things that Could Happen Company Facebook 2 The social networking giant sent reporters an invitation last week to "come and see what we're building." Get our predictions for Tuesday's big announcement and what it could mean for FB stock. Read More...
  • Facebook Stock: Time for a Dividend in 2013? Down about 42% from the $45 high after its initial public offering, Facebook stock (Nasdaq: FB)needs a way to keep investor interest into 2013.

    How about paying a dividend?

    To continue reading, please click here...

    Read More...
  • Facebook Stock Fails to Rally as Lockup Ends Facebook stock (Nasdaq: FB) fell more than 5% Friday as some 156 million shares held by early insiders and employees were freed from a lockup period.

    It marked the fourth time a torrent of the social networking giant's shares were let loose for trading since the company's hugely hyped initial public offering (IPO) on May 18 at $38 a share.

    The reaction to the sizable release of shares has been mixed.

    To continue reading, please click here...

    Read More...
  • Investing in Facebook Stock? Keep an Eye on Dec. 12 Facebook stock (Nasdaq: FB) investors are getting an early holiday present.

    That's because on Dec. 12, shares of the world's largest social networking company will be added to the Nasdaq 100 Index.

    Facebook will have some very good company in the index, joining tech behemoths Apple Inc. (Nasdaq: AAPL), Google Inc. (Nasdaq: GOOG), and Microsoft Corp. (Nasdaq: MSFT). It'll rank 13th by market value ($60 billion).

    Snagging a spot in the coveted index, a compilation of the 100 most valuable non-financial stocks traded on the Nasdaq, is the latest in a string of welcome news for Facebook shareholders, especially those bruised in its initial public offering fiasco on May 18.

    And the news couldn't have come at a better time for shareholders.

    Here's why.

    To continue reading, please click here... Read More...
  • Is Zynga (Nasdaq: ZNGA) Doomed Without Facebook? Zynga Inc. (Nasdaq: ZNGA), creator of FarmVille and other popular social games, has had a special business relationship with Facebook Inc. (Nasdaq: FB) for years. But now it's over. Read More...
  • Facebook Stock is Up 24% this Month – Will it Keep Going? Facebook stock finally has been acting like it was expected to after its hugely hyped initial public offering in May: It's rising.

    In a stark about-face, the stock has advanced more than 24% in November, after falling 50% from its IPO price over the previous five months.

    The FB rally was pronounced Monday, with shares of the social networking giant closing up 8.09%.

    In addition, it has logged better returns than the S&P 500 by 24 percentage points over the last 60 trading sessions.

    To continue reading, please click here... Read More...
  • Facebook Stock Rises Despite These 852 Million Reasons to Fall It's difficult to think that an additional 852 million shares of Facebook stock hitting the market wouldn't weigh on the already struggling share price.

    That's why, for the third time in nearly as many months, Facebook Inc. (Nasdaq: FB) on Wednesday braced for what could have been the largest selling spree yet to hit the social networking giant.

    Scores of early investors and employees were at liberty to sell 778 million shares. Another 31 million in restricted stock, awarded to employees who joined the Menlo Park, CA-based company prior to 2011, were also unbound, along with 48 million shares held by former employees.

    The staggering number is almost equal to Facebook's existing 921 million share float, according to data from the company's most current filing with the U.S. Securities and Exchange Commission.

    But, a strange thing happened.

    To continue reading, please click here...

    Read More...
  • How Facebook (Nasdaq: FB) is Sapping the U.S. Economy Facebook (Nasdaq: FB) is a drain on the U.S. economy.

    No, we're not talking about Facebook's IPO fiasco earlier this year and the subsequent stock price meltdown. It's bigger than that.

    Facebook is worst offender among the many Internet distractions keeping workers from getting things done in the office.

    Most workers stop what they are doing several times an hour to respond to messages from friends and co-workers on social media like Facebook and Twitter, browse the Internet, and check and respond to e-mail.

    And once distracted, it takes time for a worker to get back to the task at hand - one study put the average disruption at 23 minutes.

    All those interruptions add up to a massive expense for businesses and the U.S. economy.

    Read More...
  • Execs Keep Selling Their Facebook Stock – Time to Worry? The market has been buzzing about the fact that three top executives of Facebook have taken their first opportunity to sell some of their stock in the social networking company.

    The sales were part of 230 million shares awarded to top executives and employees prior to the IPO that were subject to lockup until last week.

    According to Forbes, another 777 million shares awarded to Facebook employees will come off of lockup next week. It is expected that Facebook employees will continue to sell shares for the rest of the year.

    To continue reading, please click here...

    Read More...
  • Why Facebook Stock Soared After Earnings Report Facebook stock (Nasdaq: FB) was up almost 10% in the first 30 minutes of after-hours trading today (Tuesday) after the release of its third-quarter earnings report, its second as a public company.

    Releasing earnings after market close, the social network leader posted earnings per share of 12 cents, on revenue of $1.26 billion, or 32% higher than the year-ago quarter.

    While Facebook did not provide an outlook following its uninspiring second quarter release, analysts were looking for 11 cents per share on revenue of $1.2 billion, according to data from Thomas Reuters.

    But this positive vibe doesn't mean Facebook's earnings problems are solved.

    Read More...
  • Will a Poor Facebook Earnings Report Seal the Stock's Fate? The third-quarter Facebook earnings report will come out Oct. 23 after the markets close, and the results are looking increasingly dismal.

    Despite a recent milestone (one billion users), a new "want" button feature and a "pay-to-promote post" option, the company has failed to drum up investor and analyst fanfare.

    Wall Street shrugged off all of the recent news and Facebook (Nasdaq: FB) stock barely budged, except to move a little lower.

    Even CEO Mark Zuckerberg's mid-September interview, which appeared to put some spark back into Facebook's fading shares, now seems like a very distant memory.

    To continue reading, please click here... Read More...
  • Is There Any Benefit to Facebook's New "Want" Button? Facebook Inc. (Nasdaq: FB) rolled out a business-friendly interactive tool for its massive user base on Monday with the launch of a "want" button.

    But, what Facebook will get from the "want" button is unclear.

    Still in the testing mode, the new feature allows Facebook members to create "wish lists" of desired items ranging from home furnishings to clothing to books to a bevy of other retail products. It's kind of like a Christmas list or bridal registry.

    To continue reading, please click here... Read More...
  • Facebook Stock Won't be Saved by this "Useless" Idea Facebook Inc. (Nasdaq: FB) announced today (Thursday) it had finally amassed its one billionth member.

    While the company celebrated the landmark number, many analysts simply shrugged it off. So did Facebook stock, which was down about 0.4% by 2 p.m.

    As MarketWatch pointed out, "it's great to have one-seventh of the world's population in your network, but Facebook will have to translate that to the bottom line to sustain its upward momentum of late."

    Or, as Money Morning wrote a few weeks back, "Congrats on one billion Facebook users... who buy nothing."

    Facebook, in order to change that flaw, released a new plan this week to make money off its enormous subscriber base.

    But here's why Zuckerberg and team should go back to the drawing board.

    To continue reading, please click here... Read More...
  • Why Facebook Stock Has Much Farther to Fall After Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg addressed the public earlier this month to stem concerns over the stock's steep and steady fall, Facebook shares enjoyed a mild rally.

    That was fun for investors while it lasted.

    Facebook stock Monday renewed its descent, dropping 11% before stabilizing a bit to finish the day down 8.3% at $20.79.

    Monday's intraday decline was the steepest since July 27. It was so sharp it tripped Nasdaq's circuit breakers meant to shield investors from short-seller manipulation.

    Sparking this week's selloff was a fresh report from Barron's that said the company is overvalued. Renewed concerns over how quickly the social-networking behemoth can capitalize on revenue from the exploding number of users who access the site via mobile devices and tablets contributed to the drop.

    Tuesday morning, the selling continued.

    Before the recent selling spree, shares of the Menlo Park, CA-based company had given back some 45% since its hugely hyped initial public offering on May 18.

    But that decline isn't enough.

    Barron's gave Facebook a best-case scenario of $15 per share.

    To continue reading, please click here... Read More...