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Facebook stock isn't succumbing to this volatile market. It jumped 11.5% after reporting Q4 earnings results, which beat all analyst estimates.
Facebook Inc. (Nasdaq: FB) reported a staggering 123% increase in profit from last year to $1.62 billion. That was a product of Facebook's expanding user and advertising base.
Facebook stock's stellar rally comes at a time when other blue-chip tech stocks – including Apple Inc. (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN) – were slammed for missing analyst estimates and reporting slower growth in their earnings reports.
Facebook's stock was up again nearly 2% today (Friday) as of 10:00 a.m. Year to date, Facebook stock is up 6.4%. In the same time, Apple is down 9.2% and Amazon is down 14.4%. The Nasdaq Composite has fallen 9.19% in 2016.
And Money Morning Technical Trading Specialist D.R. Barton made his regular appearance on FOX Business' "Varney & Co." this week, discussing why the Facebook stock rally is far from over…
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