NEW YORK (TheStreet) -- Just when you thought it was safe to go back in the water.
"Is the stock a buy? The short answer is 'No'," wrote author Andrew Bary. "After a recent rally, to $23 from a low of $17.55, the stock trades at high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows."
Shares of Facebook, which has been plagued by the disastrous handling of its IPO, slowing revenue growth and concerns about its future in mobile, were last quoted at $20.83, down nearly 9%, on volume of more than 62.1 million, above the issue's 30-day moving average churn of 41.6 million.
If you bought the iPhone 5 this weekend, Wall Street analysts are wondering why you didn't tell your friends, or buy more. Apple (AAPL) shares were off 2.12% to $685.22 after the company announced it sold 5 million iPhone 5s this weekend, which disappointed some on Wall Street. There were several analysts, including Piper Jaffray's Gene Munster who were expecting millions more. Sterne Agee's Shaw Wu had a different perspective on the number, saying the sell side's estimates were out of line. "We are not overly concerned with this 'disappointing' number as we believe this is a classic case of near-term expectations getting out of touch with reality. We find it unfortunate that some analysts continue to publish irresponsible estimates without taking into account realistic demand trends and potential supply constraints on new in-cell touchscreens," Wu wrote in his note. Wu has a buy rating on Apple with a $840 price target.
If you wanted to know when the last time Google (GOOG) shares were this high, you'd probably, well, have to Google it. Shares of the Internet search giant touched a peak earlier, hitting $748.89 in afternoon trading. The stock hasn't been this high in nearly five years when it reached $747.24 in November 2007. Google shares was recently trading at $747.78, good for a gain of 1.88%, outpacing the broader Nasdaq, which was down 0.9% in mid-Monday trading. Interested in more on Google? See TheStreet Ratings' report card for this stock. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV