U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.» Read More
CNBC's Julia Boorstin reports Facebook COO Sheryl Sandberg says the company's unique personal ads and investments in tech are really paying off.
Arvind Bhatia, Sterne Agee senior research analyst, discusses Facebook's better-than-expected Q2 earnings and its race with Google for digital ads.
July 24- Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue.
The "Squawk on the Street" news team breaks down Facebook's better-than-expected second quarter results. CNBC's Jim Cramer says Facebook told an amazing earnings story.
U.S. stock index futures rose on Thursday, ahead of one of the heaviest days for U.S. and European second-quarter earnings.
July 24- Shares of Facebook Inc were set to open at a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. At least 18 brokerages raised their price targets on the stock, by as much as $15 to a high of $100.
Some of the names on the move ahead of the open.
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*US tech stocks buoyed by Apple; Facebook at record high. Those measures were proposed after a Malaysian Airlines plane was downed over Ukraine last week, killing 298, possibly by a missile furnished by Russia.
Apple could be "obsolete" in three years, due to increasing competition in the technology sector, one analyst told CNBC.
The company has a good core business and opportunities in the future, says Gene Munster, Piper Jaffray, providing perspective on Facebook's monetization strategy and growth prospects.
Justin Lafferty, editor of Inside Facebook, discusses Facebook's earnings and, in particular, its strategy for attracting advertisements.
*US tech stocks buoyed by Apple; Facebook at record high. LONDON, July 24- The euro pulled off 8- month lows against the dollar on Thursday after the bloc's private sector expanded at its fastest rate in three months in July, and emerging equities hovered near 17- month highs after strong Chinese data.
*Tech stocks boosted by Apple, Facebook hit record high. The HSBC flash PMI for China came in at 52.0 for July, well above forecasts of a small rise to 51 in July and the highest reading in 18 months. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, and Australia notched another six-year peak.
Social media giant Facebook reported bumper earnings growth on Wednesday, but some analysts have called into question how long the party will last.
Arvind Bhatia, Managing Director for Interactive & Digital Entertainment at Sterne Agee, says Facebook's market share in digital advertising could double over the next 4 to 5 years.
*Tech stocks boosted by Apple, Facebook hits record high. The news injected some life into what had been a very sluggish session, and helped China's CSI300 index of leading Shanghai and Shenzhen A-share jump 1.1 percent. Japan's Nikkei added 0.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.
*Tech stocks boosted by Apple, Facebook hits record high. SYDNEY, July 24- Asian stocks inched higher on Thursday, encouraged by upbeat corporate results and a record close on Wall Street, while unrest in the Middle East and Ukraine underpinned demand for high-rated bonds. MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.09 percent.
Larry Haverty, Portfolio Manager at Gabelli Funds, attributes the social media giant's robust second-quarter earnings to its shift to mobile advertising.
Charles Sizemore, CIO at Sizemore Capital Management, explains why he's worried about the sustainability of Facebook's strong performance in the second quarter.