Facebook has been down about 19% all day after a revenue miss and the social media giant pointed to slower growth rates.
At What Level Is Facebook Your Friend Again?
"Regarding Facebook's meteoric rise this year, I was wrong about this stock," writes Real Money Pro columnist Ed Ponsi. "At least, that's what I thought until I saw Wednesday's earnings report. As it turns out, I may just have been early. I thought people would care about the privacy issues that erupted earlier this year. In April, the Cambridge Analytical scandal stole the headlines, and it was serious stuff -- Facebook shared user information to a political consulting firm without permission."
"It seemed I'd overestimated how much people would care about the misappropriation of their personal data. I thought they'd be furious, but Facebook bottomed shortly after that news became public, and the stock proceeded to climb by about 45%. Now it seems that Facebook has been negatively impacted by this scandal," adds Ponsi.
3 Reasons Why Gold May Soon Be Ready to Shine
"The price of gold has retreated roughly $150 per ounce, or 11%, since peaking in April. The cause seems to be the usual suspects; a higher dollar, a lack of significant inflation, a stable stock market and a growing economy. Investors are busy focusing on the practice of chasing high flying assets higher than putting money to work in "safety" assets such as Treasuries and gold (my reference to gold being a safety asset is a loose one). Still, market sentiment is fickle and there are signs suggesting investors might soon have a change of heart when it comes to precious metals," says Real Money Pro columnist Carley Garner.
Advanced Micro Devices Breaks Out; Gets Quantitative Buy Signal
TheStreet's chartist Bruce Kamich notes that, "Advanced Micro Devices, Inc. (AMD - Get Report) and other semiconductor companies have had a roller coaster ride in recent months, but AMD was upgraded to a buy by TheStreet.com's quantitative service today. With the stock price of AMD at a new high for the move up a review of the charts and indicators seems timely."