Facebook’s New Policy Worries Privacy Groups and 2 Other Hot Stocks to Watch

Facebook Inc. (NASDAQ:FB): Current price $42.37

Late Thursday, a number of privacy advocates revealed that they were worried about the new privacy policy from Facebook that they say gives the social network unprecedented rights by which to profit from member data. Six groups, including the Center for Digital Democracy and the Electronic Privacy Information Center, sent a complaint letter to the Federal Trade Commission, pressing the agency to disallow the new policy and take measures to protect the interests of Facebook users.

Facebook introduced the new privacy policy last week so as to comply with a court order. The new policy outlined the idea that signing up for Facebook means granting the company “permission.”

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Groupon Inc. (NASDAQ:GRPN): Current price $10.79

Thursday morning, Groupon shares have moved up over 6 percent in very heavy trading after the stock was raised to Overweight, or Buy, at Morgan Stanley. Analyst Scott Devitt wrote in a note that,”The turnaround in North America from the introduction of the deal bank and strength in mobile give us increasing confidence that Groupon can stage a turnaround in EMEA and execute against its sizable market opportunity.” Thus far in 2013, Groupon shares are up by 126 percent.

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Cisco Sytems Inc. (NASDAQ: CSCO): Current price $23.58

On September 18, Cisco will host a conference call at 11:00 a.m. Eastern Time with Oppenheimer to talk about its Services business. Cisco Senior Vice President, Worldwide Services Field Operations, Nick Earle will give an overview of Cisco’s Services business model, strategy, and long-term growth opportunities.

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