|Day Low/High||148.55 / 152.43|
|52 Wk Low/High||123.02 / 218.62|
Netflix has been underpricing its product in order to hook subscribers on its terrific content.
Facebook is, again, "the world's fair!" Up by another +$4.30/share today to nearly $150. FB was placed on my Best Ideas List on November 29, 2018 at $137.50.
Today was a great day for the home team. The indices declined (I am short large ) while selected securities shined (e.g., banks and brokerages). Facebook is continuing its roll off of the bottom and even Kraft Heinz is having a dead-cat bounce. Than...
It sure felt like that after listening to Citigroup's robust conference call this morning.
Booyah to my two favorite large cap contrarian picks for 2019 - universally hated Goldman Sachs and Facebook . The two stocks continue to exhibit market leadership.
Where are we headed in 2019? The independent research firm's equity analysts offer their prognostications for the year.
Plus, a resolution of the government shut-down needs to happen soon.
It's time to reconsider Facebook, Apple, Amazon, Netflix and Alphabet/Google in the New Year.
In December I highlighted my two contrarian large cap picks for this year - Goldman Sachs and Facebook . GS traded great off of the Christmas low and, not surprisingly, is giving a little back (-$1.40) on profit taking. FB continues to trade higher ...
For the second time in two weeks we saw over 90% of the volume on the upside.
First off, in full disclosure, I am flat the name right now.
Sorry, purists, but the market has become downright dysfunctional on a regular basis.
After two chaotic days, Wall Street is trading relatively calmly, creating opportunities for individual names to show life.
Whether this is the end of the slump is still up for debate, but the crash since October has been brutal and all bear markets end the same way.
Evidence has been mounting even among the tech giants that stock valuations should be lower based on companies' diminishing growth prospects.
My friend Andrew Left at Citron Research does a good job in making the case for Facebook . With his permission, here is his analysis. I placed FB on my Best Ideas List in late November, 2018 at about $137 a share.
Amazon's competitive threats seem surmountable and its market share appears to have a widening moat.
* Amazon's business moat is deep and secure * The threat of increased regulation continues to exist - but it is likely to be modest in scope * The recent share price drop has provided a good entry point on the buy side * I am a buyer on any further ...
The issue is that we do not have any individual buyers to speak of.
This tech rout is real and the dollar amounts of shareholder value that have been destroyed are spectacular.
The image-sharing platform is reportedly prepping an early-2019 IPO. Working in its favor: Healthy user and revenue growth, unique demographics and a clean image.
Thursday's stock market rout is just another reminder that flat yield curves and equity investing do not mix.
Given the oversold nature of the market in general, a diagonal put spread may be the best approach.