Wall Street analysts sticking by Facebook, say buy the dip for the ‘extremely compelling’ valuation

Wall Street is playing down the risks to Facebook shares resulting from a potential credibility crisis after Cambridge Analytica’s alleged misuse of the social media company’s users’ data. “Despite these negative headlines and increased concerns around user data and regulatory risk, we do not believe Facebook’s business is currently being impacted,” J.P. Morgan analyst Doug […]

Continue Reading

Trade war threat is now Wall Street’s top economic fear, survey says

Sparked by the Trump administration’s recent tariffs, nearly three-quarters of respondents to the CNBC Fed Survey say they are now worried about a trade war. Protectionism tops the list of worries on Wall Street, the survey shows, far outpacing concerns over inflation, terrorism and even the Fed itself. “The market has shifted from a fear […]

Continue Reading