Facebook Upgraded Ahead of Q4 Results and 4 Social Media Stocks Seeing Action
Facebook (NASDAQ:FB): Current price $32.22
In a switch, Facebook’s mobile unit is more and more regarded as possessing the potential to deliver impressive strength for the company. This was evident when the analyst Aaron Kessler at Raymond James elevated his rating on Monday for shares to Outperform from Market Perform, citing “expectation for increasing monetization driven by mobile, new ad formats, and international.” Facebook is set to post fourth-quarter financial results after the close on Wednesday. Meanwhile, analyst Arvind Bhatia at Sterne Agee reaffirmed a Buy.
LinkedIn (NYSE:LNKD): Current price $125.70
Short-term option bulls have zeroed in on Linkedin, which touched an all-time peak of $126.83 earlier Monday. In this environment, the site has seen about 12,000 call options cross the tape, representing almost four times its average intraday call volume, and about three times the number of LNKD puts traded thus far.
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Groupon (NASDAQ:GRPN): current price $5.38
A gun shop owner in Texas wants a boycott of Groupon subsequent to the coupon site canceling his arrangement for a concealed-handgun training course. Michael Cargill, owner of Austin’s Central Texas Gun Works, said that he initiated the deal on Tuesday and that it was meant to close on Saturday night or when 600 people were enrolled, whichever came first.
Yelp (NYSE:YELP): Current price $20.84
Hundreds of firms have brought complaints against Yelp, contending that it skewed reviews to favor advertisers, according to the Boston Business Journal. Thus far, the public records resource MuckRock has published 685 complaints against Yelp, of which many were from small business owners who claimed that after refusing to buy ads on Yelp, positive reviews disapeared from the site while negative ones were showcased.
Don’t Miss: Full Steam Ahead for Facebook Bulls.