What to make of Facebook Inc. (FB) ? It's tough to tell at the moment but TheStreet has some ideas.
The company hit a fresh all-time high in early trading on Wednesday on the back of its dominating performance over Snap Inc. (SNAP) . At the same time, however, the company is showing signs that its run may be over, especially after the company reduced the price of its Oculus Rift headset by $200. Is Mark Zuckerberg's strategy working or is the company in need of a shakeup? Or is this merely a speed bump over the possibility that augmented reality might not be the way forward?
You may not have seen the recent Facebook action if you were concentrating, and rightfully so, on comments from Federal Reserve Chair Janet Yellen in regards to interest rates and the Fed's balance sheet. Anyway, her comments sent the Dow to a new high as investors seemed to believe that the Federal Reserve still thinks the U.S. economy will grow at just the right pace to keep employment rising without producing too much inflation.
So how do you bet on that growth? Should you be laying down your money on bank stocks, a majority of which will kick off the second-quarter earnings season on Friday, or should you stick with tech names like Nvidia Corp. (NVDA) , which shot up 4% on Wednesday after SunTrust Robinson Humphrey upgraded its rating to buy from hold and set a $177 price target.
Perhaps another avenue would be SodaStream International Ltd. (SODA) , a manufacturer and distributor of at-home beverage carbonation systems that recently launched a full-on challenge to beverage giants, like PepsiCo Inc. (PEP) and the Coca-Cola Co. (KO) . SodaStream's CEO sat down with TheStreet to discuss the company's strategy going forward and just how it plans to succeed against the big boys.