This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Facebook Still Overvalued?: Tech Winners & Losers

Stocks in this article: FBAAPLGOOGTIVO

NEW YORK ( TheStreet) -- Just when you thought it was safe to go back in the water.

Facebook (FB) shares were falling sharply after the social media giant received negative attention over the weekend from Barron's, which published an article saying the stock was worth only $15.

"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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs