Facebook Worried About Turkish Internet Proposals and 2 Other Hot Stocks to Watch
Facebook (NASDAQ:FB): Current price $24.73
Facebook has expressed its worries about Turkish proposals which would require Internet companies to supply user information to the authorities in that country, which are investigating persons who have allegedly insulted state officials or incited riots using social media. Earlier in June, Prime Minister Recep Tayyip Erdogan pronounced Twitter a social “menace” for spreading lies, after many turned to the social networking site and Facebook to gather information. Because of the government’s previously hard-nosed approach to journalists, most Turkish media outlets provided scant coverage in the early stages of the recent demonstrations, as they were probably intimidated into self-censorship. Meanwhile, Facebook says, “We will be meeting with representatives of the Turkish government when they visit Silicon Valley this week, and we intend to communicate our strong concerns about these proposals directly at that time.”
HD Supply Holdings (NASDAQ:HDS): Current price $18.99
On Thursday, the NASDAQ OMX Group announced that trading of one of the biggest industrial distributors in North America has begun on the NASDAQ Stock Market under the ticker symbol “HDS”. HD Supply provides a wide range of products and value-add services to about 500,000 customers along with leadership positions in repair and operations, maintenance, infrastructure and power and specialty construction sectors.
Ford Motor Company (NYSE:F): Current price $15.53
Ford says that the pace of its domestic sales might have slowed in the past week, subsequent to the Federal Reserve signaling that it could start pulling back its accommodative monetary policy, which would lead to rising interest rates. The automaker’s President of the Americas Joe Hinrichs told reporters Thursday in Dearborn that “The industry was really strong in the first half of the month, but maybe slowed a bit in the last week.” Ford is monitoring whether worries over the ramifications of the Fed ending its expansionary policies are negatively impacting consumer confidence, according to Hinrichs. The Fed’s erstwhile monetary policy has pushed interest rates for new-car loans to record lows, supporting demand from consumers in the United States who want to swap the oldest vehicles ever seen on American roads for new cars and trucks.