This Day On The Street
Continue to site
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

Facebook, Priceline, Apple: Tech Winners & Losers

NEW YORK ( TheStreet) -- Facebook (FB - Get Report) shares gained 0.76% to $27.70 as the social-network company gets set to join the Nasdaq 100 later this week.

Last week, Nasdaq OMX Group (NDAQ) announced that the California-based social network will be joining three indices prior to the market opening on Dec. 12. Facebook will join the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Technology Sector Index.

Facebook will replace Infosys (INFY) in the index.

Apple (AAPL - Get Report) shares dipped lower in morning trading, off 0.30% to $531.67 as a noted Apple analyst cut his price target on the stock, citing growth concerns.

Peter Misek of Jefferies has cut his price target on the Cupertino, Calif.-based firm, pointing to worries that Apple's growth will slow, as well as potential negative margin leverage. Misek lowered his price target to $800 from $900.

Misek wrote in his research note he believes Apple's growth will start to slow down in 2014, as the markets become saturated with its products. He believes Apple will launch the iPhone 5S in June or July, compared to the September and October launches for the iPhone 5, and iPhone 4S, respectively. (PCLN - Get Report) shares fell 4.18% to $631.54 on heavy volume, as Deutsche Bank downgraded the stock to "hold."

Analyst Ross Sandler downgraded the stock on fears of competition in Priceline's core European market, as a "cold war" may heat up. Sandler cited Expedia (EXPE) getting more aggressive acquiring customers, the concerns on the shift to mobile search, and Google (GOOG) eventually going "..deeper into travel vertical search once its regulatory issues are resolved."

Traders have been taking profits on names ahead of the fiscal cliff on stocks that have done well in 2012, amidst worries that tax rates will go higher in 2013. Priceline, the online travel company, has enjoyed a strong run year-to-date, gaining 35.69%.

Interested in more on Priceline? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
PCLN $1,058.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs