Much unlike calendar 2018, calendar 2019 has been a really good year for shares of global social media giant Facebook (NASDAQ:FB).
Year-to-date, FB stock is up more than 40%.
Third, the technicals look really good here, and suggest that Facebook stock is due for a big end-of-year rally.
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 did Facebook Stock Drop 2019?
Shares of Facebook (NASDAQ:FB) had been closing back in on all-time highs, but then came the second quarter of 2019 and the ensuing stock market pullback. Facebook stock has dropped over 10% since its July 24 earnings report, with investor pessimism fueled by worries about a global economic slowdown and continued
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.