Scalper1 News
Loading the player… Four of the five largest tech stocks by market cap remain down for the year after an early-February market rout tied to the price of oil, economic concerns and some not-so-good earnings reports. Facebook ( FB ) is the only one that now has a year-to-date gain. It’s also one of two in the pack with best-possible ratings. Google owner Alphabet ( GOOGL ), Amazon.com ( AMZN ), Microsoft ( MSFT ) and the biggest, Apple ( AAPL ), are the four down for the year. Amazon is down the most, about 18%. Facebook stock fell 1.6% Tuesday to close at 105.46, marking a second day above its 2015 close, 104.66. Facebook handily topped views in its fourth-quarter earnings report in January, with mobile ad growth helping push up its revenue 52% to almost $6 billion. This is the debut year for Facebook’s Oculus Rift VR headsets. At Mobile World Congress in Spain this week, Facebook CEO Mark Zuckerberg called artificial intelligence the next big frontier. He unveiled an alliance with Samsung to bring streaming 360-degree video to Samsung’s Gear VR headsets, part of a push for “social virtual reality” powered by Facebook’s Oculus division. Of the five largest tech stocks by market cap, Facebook and Alphabet get a best-possible 99 Composite Rating from IBD. The others are in the 70s and 80s. Scalper1 News
Scalper1 News