Chart of the Day: Facebook Video
NEW YORK (TheStreet) -While the market is focused on emerging market contagion issues, we continue to slog through an important earnings season.
While Yahoo (YHOO - Get Report) core disappointed-- along with deceleration worries at Alibaba--a key chart for the day are Facebook (FB - Get Report) and Google (GOOG - Get Report), which report today and tomorrow after the close, respectively.
For today's Chart of the Day, I want to look at a note put out by Citigroup on Facebook video viewing. This metric will be key to watch, as investors gauge its rollout of video ads on the NewsFeed. And we've heard that video ads are being priced at $2 million daily-- not chump change at the very least but perhaps more bang for the buck vs the $4 million 30 second hit on Superbowl Sunday.
Of course, video is an important new revenue stream for the company and one that CEO Mark Zuckerberg has been making a key focus.
Google remains well positioned for the long-term and particularly down into the quarter, it looks very buyable.
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