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MARKETS LIVE BLOG:

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Today’s Research Reports on Stocks to Watch: Facebook and Twitter

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Facebook shares hit a brand new high in Thursday trading. There was no significant news to explain this jump. However, the company did announce that the company's head of communications and public policy is stepping down from his role at the company. Shares of Twitter also hit a new high as investors continue to cheer the price target increase the company received from JPMorgan earlier in the week.

RDI Initiates Coverage on:

Facebook, Inc.
https://www.rdinvesting.com/report/?ticker=FB

Twitter, Inc.
https://www.rdinvesting.com/report/?ticker=TWTR

Facebook, Inc. shares closed up 2.29% on Thursday with a little over 19 million shares traded. The social media giant hit a new high of $197.28 yesterday. Facebook announced that its head of communications and public policy, Elliot Schrage, is stepping down from the company after being with Facebook for more than ten years. He will remain on as an adviser to the company and is planning to "start a new chapter in his life." This year three high-level executives have stepped down from the company so far. According to Facebook, Schrage, who previously worked at Google, has been thinking about stepping down for two years. He wrote in a post on Facebook, "Leading policy and communications for hyper growth technology companies is a joy - but it's also intense and leaves little room for much else."

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Access RDI's Facebook, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=FB

Twitter, Inc. shares closed up another 6% roughly in Thursday trading on almost 51 million shares traded. The social media company based in San Francisco hit a new high again at $46.80 yesterday. For the month Twitter shares have now seen gains of almost 40%. It was on Tuesday that the company had received a price target increase from JPMorgan at $50. The price target was a 20.7% upside from where the stock had closed on Monday. The firm's analyst Doug Anmuth explained, "We are raising our estimates on Twitter shares as we believe advertising momentum is strengthening, particularly among large marketers...TWTR remains 1 of our top ideas, along with Facebook and Amazon, and is on the JPM Analyst Focus List." In other news, it was yesterday that Twitter lost its bid to dismiss a lawsuit by a "white advocate" named Jared Taylor, who the company banned. While California Superior Court Judge Harold Kahn in San Francisco rejected Taylor's claims that Twitter violated his free speech rights and discriminated against him, he did believe that Taylor properly supported his allegations that Twitter's policy of suspending accounts, in the judge's words, "at any time, for any reason or for no reason" may be unconscionable.

Access RDI's Twitter, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=TWTR

Our Actionable Research on Facebook, Inc. (NASDAQ: FB) and Twitter, Inc. (NYSE: TWTR) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com