The coronavirus pandemic has destroyed the economy. Stock market investors also share their enthusiasm with their FAA counterparts Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google Alphabet (gathered L), all of whom are close to the highest scores. Facebook shares continue to rise after the Coronavirus stock market crash. The fb stockat https://www.webull.com/quote/nasdaq-fb and NFLX shares lead the group with a composite ranking as high as 99. AMZN shares came in second with 98 points, which means that they exceed 98% of all shares in terms of the most important criteria for collecting shares. Sharing in L (97 Compilation Ratings) and shares in AAPL (93) are not fixed.
Time will tell if Facebook – along with Apple, Amazon, Netflix, and Alphabet – continues to drive this wave of V-shaped recovery. So far, the best stock for this watch has found more back doors than front doors. As further proof of this, Facebook, Amazon, Netflix, and Alphabet have gained a place in the IBD Breakout Stock Index.
FB Stock enters the buying zone
Like most stocks, Facebook failed after the coronavirus rose in February. But the fb stock turned out to be sustainable. The social media giant recovered from March levels as quickly as it collapsed in February. With its relative line width surging to fresh 52-week highs, Facebook broke 215.38 points on Tuesday to become a cup with a handle for purchases. Volume rose, reaching 23% above the average. FB shares continued on Wednesday, gaining 6% in stronger trade. As you like to see, it closes at the top of its price range. Facebook reports first-quarter sales on April 29. EPS growth increased from 8% in the fourth quarter to 101%. Analysts had expected 51% growth in the second quarter.
Balance optimism carefully
The technical recovery on Facebook and other FAANG shares were very impressive and encouraging. But we still don’t have to get out of the forest. Investors must remember that a V-shaped recovery can work, but a new round of decline may follow. For example, the stock market gave way in April 1930 after recovery from the October 1929 disaster. No one knows whether history will repeat itself or whether this new rally will continue to reach new heights. Therefore, investors must remain optimistic and cautious.
Summary
Overall, we are very pleased with Facebook’s performance. We especially like companies investing in their business and generating high returns. Not surprisingly, this led to an impressive increase in profits. Against this background, the company’s revenue growth is expected to slow, according to current analyst estimates. You can also check nasdaq amd at https://www.webull.com/quote/nasdaq-amd