Is FB stock a good buy now?
Bottom line: Facebook stock is not a buy at the moment.
It could offer a buying opportunity if it bullishly rebounds from key support.
But investors might find plenty of better stocks to buy.
Is Facebook a good stock to buy 2020?
2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020. The S&P 500 finished 2019 up 28.9% in large part because of the so-called FAANG stocks, which include top internet names like Facebook and Amazon. Facebook ended the year up 56.6% while Amazon jumped 23%.
Why is Facebook stock going down?
Shares of Facebook (NASDAQ:FB) have dropped today, down by 6% as of 12:20 p.m. EST, after the company reported its fourth-quarter earnings results. Though the social networking titan beat expectations, investors are concerned about slowing growth rates.
Why you should buy Facebook stock?
The primary and most important reason to buy FB stock here and now is that the fundamentals are strong and improving, and pave the path for the stock to soar — and stay — above $200 before the year is out.