The NASDAQ 100 After Hours Indicator is up 1.27 to 13,908.94. The total After hours volume is currently 122,077,560 shares traded.The following are the most active stocks for the after hours session: Apple Inc. (AAPL) is +0.02 at $134.86, with 12,767,904 shares traded. As report
Microsoft Corp's gaming division Xbox will roll out a beta version of its cloud gaming service on web browsers of Windows 10 PCs and Apple Inc's iPhones and iPads starting Tuesday.
In today's video we skip growth stocks and look at the six giants FAANG+M and try to find the best value based on future growth, price targets, and valuation metrics.The top three based on valuation metrics: Looking at the forward-EV-to-EBITDA ratio, the three best valued are Fac
Apple Inc will bring social media app Parler, favored by U.S conservatives, back to its App Store after the iPhone maker pulled it following the deadly Jan. 6 U.S. Capitol riot, according to a letter sent to two Republican lawmakers.
Apple (NASDAQ: AAPL) recently gave itself a pat on the back when it wrote a letter to recording artists noting it pays a penny per stream on its Apple Music service. That's about twice the rate of Spotify (NYSE: SPOT), the world's largest streaming service.And while it's leading
Cathie Wood, the CEO of ARK Invest, is known for finding hypergrowth names with upside potential. The three largest holdings in ARK's six actively managed funds are Tesla, Square, and Teladoc. None of the three is cheap by traditional valuation metrics like price to sales (P/S) o
GTO’s secret sauce included impeccable timing, a heavy investment grade tilt, and a steadfast refusal to panic. 2020 was a chaotic year, especially in fixed income. But all the upheaval proved at least one thing: opportunity. While most actively managed total return bond ETFs have posted fairly anemic returns since January 1, 2020, the Invesco [...] Read more at ETFtrends.com.
Facebook has set its sights on Clubhouse as it looks to expand its footprint in the social networking space. Reports indicate that the social networking giant is planning to announce a series of products under the 'social audio' umbrella. It plans to take on Clubhouse with audio-only social networking.
The push into the audio, social networking space comes on the back of Clubhouse enjoying tremendous growth over the past year. Facebook (FB) plans to unveil an audio-only version of Rooms, its video conferencing product launched last year. The audio-only Rooms will let groups of people listen and interact with each other without having to type anything.
The audio-only feature will also let Facebook users record brief messages and post them on their news feeds. There are also reports that Facebook could unveil a podcast discovery product that will connect with Spotify (SPOT).
According to a Recode report, while it is still unclear when Facebook will unveil the audio-only products, the chances of audio-only Rooms going live soon are high. Regardless of when the products will go live, it is becoming increasingly clear that Facebook CEO, Mark Zuckerberg, believes the future will be defined by people connecting and interacting with one another through audio.
Facebook will be following Twitter (TWTR) which has already launched ‘Spaces,’ its audio-networking product and Apple (AAPL) is believed to be preparing to launch a new podcast service as well.
“We’ve been connecting people through audio and video technologies for many years and are always exploring new ways to improve that experience for people,” Facebook in a statement to Recode.
Facebook Shares are up 12% year-to-date after a 33% pop in 2020. (See Facebook stock analysis on TipRanks).
Monness Crespi Hardt analyst Brian J. White believes Facebook is a Buy based on the impressive growth and sales numbers it has posted in recent quarters.
White commented, “With sales up 37% per annum over the past five years, EPS turning in a 51% CAGR and one of the highest operating margins in our coverage universe, we believe Facebook should trade at a healthy premium to the market and tech sector.”
The analyst has a $375 price target on Facebook, implying 22.5% upside potential to current levels.
On Wall Street, Facebook commands a Strong Buy consensus rating based on 30 Buy and 4 Hold recommendations. The stock boasts an average analyst price target of $344.81, implying 12.62% upside potential to current levels.
FB scores a 7 out of 10 on the TipRanks’ Smart Score rating system implying its performance is expected to align with market averages.
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