Let’s level with each other for a moment.
I’ve already checked in on Facebook a couple of times today – once just after I woke up for my Friday morning swim, and once just after I arrived at Wall Street Daily’s Baltimore office.
How much time have you spent catching up with friends, “liking” family photos, and/or arguing Trump versus Clinton?
The social media sensation now has 1.65 billion users who spend an average of 50 minutes a day on its platforms (the Mothership – Facebook, itself – as well as Messenger, Instagram, and Whatsapp, among others).
Numbers like that prompted one prominent financial blogger to call Facebook “the new religion.”
Chances are, you too are worshipping at the Altar of Zuckerberg.
(While we’re on the topic, feel free to take a moment to “like” Wall Street Daily’s Facebook page.)
Now let’s get down to business. And for that I’m going to turn things over to Wall Street Daily Chief Technology Analyst Louis Basenese.
As Lou notes in his weekly column for Wall Street Daily, Facebook Inc. (FB) just posted blowout first-quarter earnings, with revenue up by more than 50%. User numbers are strong.
And the stock pushed out to a new all-time high in the aftermath of management’s report.
Here’s the thing, though: The right way to play Facebook – in addition to watching adorable puppy videos and catching up on the latest memes – is to short the stock.
Lou makes a compelling case, backed – as ever is the case when he makes a “buy/hold/sell” call – with historical facts and empirical data.
You definitely want to know about the “legitimate, fundamental issue” that’s “going to cause the next 50%-plus plunge for Facebook.”
Lou makes the case for The Perfect Time to Short Facebook Again, identifying two reliable indicators that “hold the key to timing another profitable short trade” on the stock.
Editor’s Note: Many fortunes have been made on technological innovations that made real social and cultural impacts.
And many more were lost on ideas that failed to make markets.
So how do we go about capturing human ingenuity, making it the ultimate asset, and generating profits for our portfolios?
The perfect place to start is with Wall Street Daily Chief Technology Analyst Louis Basenese.
Lou’s a master of the type of work it takes to successfully invest in small- and mid-cap stocks at the leading edge of technological innovation
VentureCap Strategist is Lou’s way of delivering high-risk, high-reward trading ideas from all across the development spectrum, including early-stage companies.
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Chief Technical Analyst Jonathan Rodriguez attacks the old “sell in May and-go away” adage head-on, offering actionable insights on how you can profitably trade even as the proverbial dip is already underway.
Jonathan focuses on one particular stock that “just broke through an ascending triangle pattern to set a new all-time high” in his piece on safe gains to be made during this fraught month.
“One of the most bullish chart patterns out there,” Jonathan explains, “an ascending triangle pattern indicates that in the face of overhead resistance, demand for a stock is on the rise.”
Chief Income Analyst Alan Gula surveys first-quarter earnings season, with an emphasis on the Kabuki-like stylizations that go into many of the “earnings beats” stories we read so often at times like these.
Alan’s case-in-point is General Electric Co. (GE). But this is hardly the only company whose “bottom line” is far less healthy than obsequiously sanguine headlines would have you believe.
In reality, GE’s “shenanigans”-shorn results “were downright pathetic.” But management complied with reporting requirements.
So the question is, why hasn’t the Securities and Exchange Commission already taken steps to ensure that financial reporting is accurate and transparent?
Senior Analyst Greg Miller sorts out the science fiction and the science fact regarding robotics in the aftermath of Alphabet Inc.’s (GOOGL) decision to put its Boston Dynamics division up for sale.
Greg focuses on battlefield applications, noting that “the biggest barrier to widespread adoption of military robots at the moment is that some of them aren’t true robots at all.”
A host of problems with the current state of the art means it “might actually require more manpower” right now.
But, as Greg notes, “the U.S. Marines are looking to change that.”
Global Markets Analyst Martin Hutchinson provides an early post-game summary of the Republican presidential primary contest, as Donald Trump has for all intents and purposes sealed the nomination.
Ted Cruz is an also-ran in 2016, but his prospects for 2020 and beyond are bright.
There’s ample historical precedent supporting the conclusion that candidates who finish “a strong second in Republican primaries” are just about destined to occupy the White House.
The 46-year old senator from Texas is well positioned to challenge President Hillary Clinton in 2020 or to bide his time and succeed President Donald Trump in 2024.