Forget Facebook—Twitter could see a 25% boost on earnings, says chart watcher $FB $TWTR (via TradingNation)
"I really like Twitter," technical analyst Mark Newton said Tuesday on CNBC'sNewton, who is president and founder of Newton Advisors, pointed to Twitter's five-year chart, which showed the stock entering a period of consolidation after strong performance in 2016 and 2017.
"I do still think it has upside to former highs right near [$]218," he said. But Twitter remained his top pick, mainly because of its potential to run over 25% to a new 52-week high. "Contrary to popular perception, Facebook has actually increased its engagement, partly because they did a very smart pivot to, essentially, running a mini TV channel on the feed," he said in the same "Trading Nation" interview.
"I just don't like Twitter on business grounds, even though I absolutely love the app," he said. "And I love Facebook [from a] business point of view. So, I think Facebook still has [a] chance to go to fresh highs, whereas Twitter is going to lag."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
https://www.instyle.comInStyle is the leading site for celebrity style. See expert fashion advice, star hairstyles, beauty tips, how-to videos and real-time red carpet coverage.
Leer más »
Forget The Rumors, Emma Watts Staying At Fox/DisneyEXCLUSIVE: Despite a wave of rumors she might be headed for the executives suites of Paramount or Warner Bros, Emma Watts is staying put at Fox/Disney. Deadline hears that the vice chairman and hea…
Leer más »
Can Diet or Exercise Diminish Stomach Cellulite? Doctors and Trainers Have the AnswerIn the world of social media filters, Photoshop, and airbrushing, we can forget one very important fact — most women have cellulite. It's totally normal!
Leer más »
Gold, earnings and emerging markets could boost investor returns through year-endWith five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end.
Leer más »
Amazon looks ready for a 40% rally, says market watcherIn advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.
Leer más »