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May 28, 2021
Satori Fund founder and portfolio manager Dan Niles likes Facebook Inc (NASDAQ:FB) for a reopening play, he said Thursday on CNBCs "Squawk Box.” He believes Facebook will see increased revenue through advertising once travel and tourism heat up again. From a chart perspective, what’s not to like? Facebook’s stock made another new all-time high on Thursday and on Friday bulls will want to see continued momentum into a blue-sky run. The Facebook Chart: Facebook’s stock closed at $332.7...
April 7, 2021
Facebook Inc’s (NASDAQ:FB) stock was the first of the big five tech stocks to turn around amid a seven-week long tech rout. The rout, which started mid-February and lasted throughout March, saw the Nasdaq 100 retrace 12% from its Feb. 16 all-time high. Alphabet Inc (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) shares have caught up, however, and all three stocks made new all-time highs on Monday. The Daily Chart: The Alphabet, Facebook and Microsoft charts are similar as all three m...