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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Facebook (FB) Soars: Stock Adds 10.8% in Session

Zacks Equity Research

Facebook, Inc. FB was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $131.74 to $150.04 in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revisions of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Facebook currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Facebook, Inc. Price

Facebook, Inc. Price | Facebook, Inc. Quote

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Investors interested in the Internet - Services industry may consider Pandora Media, Inc. P, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
Is FB going up? Or down? Predict to see what others think:Up or Down

More Stock News: This Is Bigger than the iPhone!
 
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
 
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Pandora Media, Inc. (P) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research