Facebook To Build Data Center and 2 More Heavily Traded Stocks to Follow
Facebook (NASDAQ:FB) Current price $25.98
On Tuesday the social media giant said that it will build a fourth data center in Altoona, Iowa, showcasing the region’s “abundance of wind-generated power.” Facebook pledged to construct “one of the most advanced and energy efficient facilities of its kind.” The firm said that with more than a billion users, it needs “to make sure that our technical infrastructure also continues to scale.” Facebook operates three other data centers in Pineville, Oregon; Forest City, North Carolina and Lulea, Sweden.
Bank of America Corporation (NYSE:BAC): Current price $12.12
It was revealed in a filing with the U.S. Securities and Exchange Commission that on Thursday, BofA Director R. David Yost purchased 20,000 shares of the company, at a cost of $11.51 apiece, for a aggregate investment of $230,282. Prior to this latest acquisition, Yost bought BAC on 2 other occasions in the last twelve months, for a total investment of $325,400 at an average of $10.85 per share.
Petroleo Brasileiro – Petrobras (NYSE:PBR): Current price $17.48
TheStreet Ratings have reiterated the shares as a Hold with a ratings score of C, as the company’s strengths are noted in a number of areas, such as its “increase in net income, attractive valuation levels and growth in earnings per share.” However, the analysts continued that “as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.” The report also said in part that “the company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Oil, Gas & Consumable Fuels industry average. The net income increased by 21.8 percent when compared to the same quarter one year prior, going from $3,090.00 million to $3,763.00 million.”
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