Facebook (NASDAQ:FB) CEO Zuckerberg: There is a Role for Regulation to Play

Facebook (NASDAQ:FB) CEO Zuckerberg: There is a Role for Regulation to Play

$FB #Facebook #SocialMedia #Nasdaq #Stocks #Trading #Metastock

Facebook
Ticker: NASDAQ:FB
Price: $275.00

Facebook News

Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey are making their second appearance before the Senate in less than a month to defend the legal liability shield that underpins their business models.

Both CEOs plan to highlight their efforts to crack down on misinformation around the U.S. elections, according to their prepared testimony for Tuesday’s hearing before the Senate Judiciary Committee. They will also urge lawmakers to tread carefully in their efforts to reform Section 230 of the Communications Decency Act, which protects them from being held liable for their users’ posts.

The hearing, titled “Breaking the News: Censorship, Suppression, and the 2020 Election,” is expected to focus on the platforms’ role in spreading and cracking down on messages related to this year’s elections. It came about after Facebook and Twitter both took actions to reduce the spread of an unverified New York Post article claiming to contain a “smoking gun” email about President-elect Joe Biden and his son before the election. Biden has called the story a “smear” and his campaign claimed the Post “never asked the Biden campaign about the critical elements of this story,” including that President Donald Trump’s personal lawyer Rudy Giuliani supposedly acquired the documents.

Republican senators on the Judiciary Committee voted to authorize subpoenas for the two CEOs in light of their handling of the article. Democrats were not present for the meeting because they were boycotting a vote on Amy Coney Barrett’s nomination to the Supreme Court. The CEOs ultimately agreed to testify voluntarily, less than a month after they appeared before the Senate Commerce Committee to discuss similar issues alongside Google CEO Sundar Pichai.

Business Summary

Facebook continues to confront election rated censorship controversies. However, it remains a staple in technology and a blue-chip stock with enticing upside.

Our AI systems rated Facebook C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 6.31% to $263.11 on volume of 47,299,002 vs its 10-day price average of $274.26 and its 22-day price average of $269.78, and is up 25.42% for the year.

Revenue grew by 11.71% in the last fiscal year and grew by 94.27% over the last three fiscal years, Operating Income grew by 19.88% in the last fiscal year and grew by 42.33% over the last three fiscal years, EPS grew by 36.52% in the last fiscal year and grew by 62.85% over the last three fiscal years.

Revenue was $70697.0M in the last fiscal year compared to $40653.0M three years ago, Operating Income was $23986.0M in the last fiscal year compared to $20203.0M three years ago, EPS was $6.43 in the last fiscal year compared to $5.39 three years ago, and ROE was 19.96% in the last year compared to 23.86% three years ago.

Forward 12M Revenue is expected to grow by 16.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 26.3.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 296.86.

The projected lower bound is: 253.29.

The projected closing price is: 275.08.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 19 white candles and 31 black candles for a net of 12 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 58.9729. This is not an overbought or oversold reading. The last signal was a sell 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.19. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 52 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -17. This is not a topping or bottoming area. The last signal was a sell 6 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -3.960 at 275.000. Volume was 100% below average (consolidating) and Bollinger Bands were 17% narrower than normal.

Open     High     Low     Close      Volume
277.680  277.680  273.290 275.000    4,232
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period     50-period     200-period
Close:           280.91        268.51        230.52
Volatility:      62            51            60
Volume:          17,851,020    20,956,790    24,001,028

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FACEBOOK INC A is currently 19.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods.

Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 19 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.