Orlando, FL -- (SBWIRE) -- 09/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Facebook Inc(NASDAQ:FB), Yahoo! Inc.(NASDAQ:YHOO).
Facebook Inc(NASDAQ:FB) shares increased 1.69% to $51.24. FB’s price target has been raised by Wedbush on Sept. 19 citing improving market conditions, surges in mobile monetization and potential opportunities in video advertising. Wedbush analysts Michael Pachter, Nick McKay and Nick Citrin note that share prices of companies in Facebook’s Internet peer group have also risen in the recent months.
Additionally, analysts at Macquarie increased their price target on FB’s shares from $40.00 to $49.00 in a research note to investors on Sept. 9. Now, they have an “outperform” rating on the stock.
Are investors worried about the recent updates with FB? Find out with a free trend analysis HERE
Yahoo! Inc.(NASDAQ:YHOO) shares gained 2.44% to $33.55. The company joined Japan's SoftBank Corp on Sept. 27 in backing Alibaba Group Holding Ltd's planned partnership structure. The U.S. Internet company, Alibaba's second-largest shareholder with a 24 percent stake, said it's important for technology companies to be able to preserve their culture and strategy.
Additionally, Yahoo CEO Marissa Mayer on Sept. 12 said the company now has about 800 million worldwide users, a 20 per cent increase since she was lured away from Google 15 months ago to steer a turnaround. The gain disclosed at a technology conference in San Francisco is the latest evidence of the progress that Yahoo Inc. is making under Mayer's leadership.
Is YHOO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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