Facebook is center stage this week as founder Mark Zuckerberg testifies to Congress over issues relating to its mismanagement of user data and privacy.
Amid an uncertain future for the technology sector’s regulatory environment and its effect on the markets, one asset manager is particularly bullish on the social media company.
“Let’s face it, they’re a revenue juggernaut,” Carol Pepper, chief executive of New York City-based asset management firm Pepper International, told CNBC’s “Squawk Box Europe” on Wednesday.
“I think Mark Zuckerberg will continue to defend the company successfully, I think the stock will recover and they’ll continue to be a big cash earner.”
Named one of the top 50 most influential women in private wealth by Private Asset Management, Pepper manages money for people with over $100 million in assets.
Top 5 Tech Stocks To Watch Right Now: RELM Wireless Corporation(RWC)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested shorting small cap wireless communications manufacturer RELM Wireless Corporation (NYSEMKT: RWC):
Top 5 Tech Stocks To Watch Right Now: Take-Two Interactive Software, Inc.(TTWO)
- [By Danny Vena]
With that much revenue at stake, what are the best gaming stocks for investors in 2017? Several companies have exhibited impressive performance over the past several years, and that trend is likely to continue. Top choices in the space includeActivision Blizzard, Inc. (NASDAQ:ATVI), Electronic Arts Inc. (NASDAQ:EA), and Take-Two Interactive (NASDAQ:TTWO).
- [By Keith Noonan, Dan Caplinger, and Travis Hoium]
With that in mind, we asked three Motley Fool contributing investors to identify a company that’s on track to continue operating at the high levels needed to deliver strong returns. Read on to see why they thinkShopify (NYSE:SHOP),Proto Labs (NYSE:PRLB), and Take-Two Interactive (NASDAQ:TTWO) are top growth stocks to buy this April.
- [By Elizabeth Balboa]
Other best performers of 2017 demonstrating long-term stability include Square Inc (NYSE: SQ), Alibaba Group Holding Ltd (NYSE: BABA), Universal Display Corporation (NASDAQ: OLED), NVIDIA Corporation (NASDAQ: NVDA) and Take-Two Interactive Software Inc (NASDAQ: TTWO).
- [By ]
I’m talking about returns of 31%, 35%, and more — all in a matter of weeks rather than months or years. In fact, we recently closed a trade on Take-Two Interactive (Nasdaq: TTWO) for a clean 38.9% in just over four weeks.
- [By ]
Wednesday sees earnings from Macy’s (M) , Take-Two Interactive (TTWO) and Cisco Systems (CSCO) and Cramer has positive things to say about all three companies.
- [By ]
Attention misguided investors: not every tech company has the same troubles as social media beast Facebook (FB) . And for those opportunistic investors our there, such a dislocation in markets right now between broader tech business models and Facebook’s could spell many lucrative buying opportunities. Research out of Goldman Sachs (GS) shows that 25 tech stocks in particular that have seen large correlations with Facebook’s equity returns since March 15 and have under-performed the S&P 500 . The list of laggards is a whose who of former high-flying tech names: Advanced Micro Devices (AMD) , KLA-Tenor (KLAC) , Take-Two Interactive (TTWO) , Alphabet (GOOGL) , Western Digital (WDC) , Electronic Arts (EA) , and Nvidia (NVDA) .
Not too sure where Mr. Market’s head is at, but it’s unlikely Facebook’s troubles will hurt sales of video-games for Electronic Arts this coming holiday season. Nvidia is still holding the pole position in the booming market for AI and autonomous driving chips, and doesn’t put suspect quizzes on a website.
Top 5 Tech Stocks To Watch Right Now: LookSmart Ltd.(LOOK)
- [By Shane Hupp]
Peel Hunt reissued their buy rating on shares of Lookers (LON:LOOK) in a research note issued to investors on Wednesday morning.
A number of other equities analysts also recently weighed in on the stock. Numis Securities reaffirmed a buy rating and issued a GBX 130 ($1.76) price target on shares of Lookers in a research note on Wednesday, March 7th. JPMorgan Chase upped their price target on shares of Lookers from GBX 109 ($1.48) to GBX 130 ($1.76) and gave the stock an overweight rating in a research note on Thursday, March 8th. Liberum Capital reaffirmed a buy rating and issued a GBX 145 ($1.97) price target on shares of Lookers in a research note on Wednesday, March 7th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 146 ($1.98) price target on shares of Lookers in a research note on Monday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Lookers has an average rating of Buy and an average price target of GBX 137.71 ($1.87).
Top 5 Tech Stocks To Watch Right Now: Internet Initiative Japan Inc.(IIJI)
- [By Lisa Levin]
In trading on Friday, telecommunications services shares fell by 0.29 percent. Meanwhile, top losers in the sector included Telecom Italia SpA (ADR) (NYSE: TI), down 4 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 3 percent.
- [By Lisa Levin]
In trading on Thursday, telecommunications services shares fell 0.29 percent. Meanwhile, top losers in the sector included China Unicom (Hong Kong) Limited (ADR) (NYSE: CHU), down 6 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 2 percent.
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares rose by just 0.03 percent. Meanwhile, top losers in the sector included Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 4 percent, and DigitalGlobe Inc (NYSE: DGI), down 2 percent.
Top 5 Tech Stocks To Watch Right Now: Rackspace Hosting Inc(RAX)
- [By Monica Gerson]
Rackspace Hosting, Inc. (NYSE: RAX) reported better-than-expected earnings for the first quarter, but the company missed analysts’ sales estimates. Rackspace shares dropped 7.72 percent to $20.80 in the after-hours trading session.