Advertisement
Canada markets close in 1 hour 24 minutes

  • S&P/TSX

    21,862.31
    -149.41 (-0.68%)
     

  • S&P 500

    5,063.20
    -7.35 (-0.14%)
     

  • DOW

    38,442.69
    -61.00 (-0.16%)
     

  • CAD/USD

    0.7296
    -0.0024 (-0.33%)
     

  • CRUDE OIL

    82.80
    -0.56 (-0.67%)
     

  • Bitcoin CAD

    88,605.08
    -2,888.44 (-3.16%)
     

  • CMC Crypto 200

    1,397.93
    -26.17 (-1.84%)
     

  • GOLD FUTURES

    2,335.10
    -7.00 (-0.30%)
     

  • RUSSELL 2000

    1,990.85
    -11.79 (-0.59%)
     

  • 10-Yr Bond

    4.6580
    +0.0600 (+1.30%)
     

  • NASDAQ

    15,681.37
    -15.27 (-0.10%)
     

  • VOLATILITY

    15.92
    +0.23 (+1.46%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • CAD/EUR

    0.6822
    -0.0014 (-0.20%)
     
MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

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

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / July 9, 2018 / Facebook shares popped on Friday and hit a new record high. It was a day of relief for the company after a stormy week of losses as Wall Street showed concern over the data scandal it is dealing with. The new high also pushed CEO Mark Zuckerberg higher on the list of richest people in the world. He is now ranked #3. Shares of Twitter also saw gains on no remarkable news. A report did say that Twitter is suspending fake accounts at a rate that could affect the company's user growth.

RDI Initiates Coverage on:

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

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

ADVERTISEMENT

Facebook, Inc. shares closed up 2.41% this past Friday on trading volume lower than average. It was a day of slight recovery for the social media king after it's been making numerous headlines regarding the Cambridge Analytica data scandal and the investigation of the company because of it. Shares hit a record high of $203.64 during intra-day trading. The new high meant that the company's Chief Executive, Mark Zuckerberg, has now passed Warren Buffett to becoming the third richest person on the planet. Ahead of him are Jeff Bezos of Amazon and Bill Gates of Microsoft. It was last week that Facebook said it is cooperating with officials over the investigation and "provided public testimony, answered questions, and pledged to continue our assistance as their work continues". The Federal Bureau of Investigation has launched a probe into how the scandal was allowed to happen and if Facebook hid any details from the public.

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

Twitter, Inc. shares closed up 3.53% on Friday with roughly 23.7 million shares traded. The social media stock was featured in a report recently entitled, "Twitter suspending fake accounts at rate that could risk user growth," that originally appeared on CBSNews.com. According to the report, Twitter is suspending accounts at a rate that could put its user growth at risk. It was in June that Twitter said it identified nearly 10 million "potentially spammy or automated accounts per week." Twitter's Vice President for Trust and Safety, Del Harvey, told the Post, "One of the biggest shifts is in how we think about balancing free expression versus the potential for free expression to chill someone else's speech. Free expression doesn't really mean much if people don't feel safe." Senator Mark R. Warner of Virginia, who is the top ranking Democrat on the Senate Intelligence Committee, remarked, "I wish Twitter had been more proactive sooner. I'm glad that – after months of focus on this issue – Twitter appears to be cracking down on the use of bots and other fake accounts, though there is still much work to do."

Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com