Facebook Tops the Best Stocks List
While apprehension still hovers over the stock market, investors are on a constant lookout for top grossing stocks.
In this situation, companies such as Facebook look promising due to their long term stable growth which makes it one of the most sought after stock in the current scenario.
This social media giant’s founder Mark Zuckerberg has jumped onto the bandwagon of the top 10 richest American as rated on the Forbes 400 list. The main reason for this is because his holdings have surged high due to increase in number of site visits.
Last quarter, Facebook showed a growth of 1.19 Billion active users and 728 million users who use the social media site on a daily basis. On the 9th of September, Apple introduced its new generation of iPhones and stated that Facebook‘s much hyped messenger service will be available on its Apple Watch which gave Facebook the much required boost! Facebook has also recorded an EPS growth rate of 70% and analysts are still expecting a 21% rise for the third quarter which has just closed. On Wednesday, Facebook stocks rocketed high by 3% after Mark Zuckerberg; Facebook CEO met China’s president Xi Jinping last week. This meeting could indicate towards this social media giant’s entry into China where it is banned!