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Pompano Beach, FL -- (SBWIRE) -- 01/02/2013 -- Social networking giant Facebook Inc. (NASDAQ:FB) is off to a good start on New Year as its shares were enjoying a rally on Wednesday morning sparked by J.P. Morgan expert Doug Anmuth, who mentions in a research note that he was “incrementally positive” on the social network’s shares moving into 2013.
Especially, Anmiuth stated that it is very early in the course of Facebook’s mobile advertising, and that seller feedback on mobile and news feeds ads has been optimistic.
What made Anmiuth to stay optimistic about Facebook Revenue stream? Read This Report for Details
Claiming that ad revenues would pick up pace till first quarter, he is lifting his 2013 and 2014 ad revenue targets for Facebook (FB) by 6%-7%. He observes ad revenue growth moving up to 52% in the initial quarter, as compared to 49% in the fourth quarter.
On last check at 11:55 AM, shares of Facebook (FB) were changing hands above 5% and were hanging around $27.93.
Piper Jaffray expert Gene Munster commented in a research report on Wednesday morning that there has been latest rumors from some tech blogs that US most innovative tech giant Apple Inc. (NASDAQ:AAPL) could release a watch as an alternate gizmo to the iPhone. And he believes that could be the beginning of a huge, significant trend for Apple lovers.
Will Wearable Computers replace Apple’s legendary iPhone? Find out what experts have to say
As they were not sure regarding the final release date (possibly 2014 or later), they think that Apple (AAPL) would finally launch few sorts of wearable computing product, according to experts.
As they have formerly stated, they think that wearable computers would eventually be huge trend setters. They guess Apple could take benefit from the trend from two means. First, the firm could make products for users, like the watch.
Second, they think that the firm could grow its MFi project that licenses hardware manufacturers the capability of making products that link to iOS devices.
Shares activity of Apple (AAPL) stock was considerably bullish of Wednesday as the stock was trading higher 1.86% during 12:03 AM EST.
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