Social network Facebook (FB) is outperforming peers LinkedIn (LNKD) and Twitter (TWTR), and shares hit a new high in the stock market today. Facebook climbed 2.4% to 90.10 in above-average volume on Monday to hit a fresh high. The stock is still trading in buy range from a flat base with an 86.17 buy point, which it initially broke out of on June 23. Facebook has an IBD Composite Rating of 97 out of 99, and is set to report earnings on July 29.
Netflix stock rocketed to a record high on Monday after getting a bullish endorsement from Goldman Sachs. Goldman Sachs analyst Heath Terry reiterated a buy rating on Netflix stock and raised his price target to 780 from 620. In a research report, Terry said Netflix is set to replicate its streaming video success around the world over the next two years. By 2020, Netflix could reach 112 million international subscribers (vs. 21 million in Q1) and 69 million subscribers in the U.S. (vs. 41 million in Q1), Terry said. Once Netflix (NFLX) completes its global rollout to 200 countries by the end of next year, it will have significant opportunity to increase its operating margins, Terry said. Netflix stock jumped to an all-time high of 716.16 in intraday trading Monday, eclipsing its previous high of 706.24 set on June 24. Netflix stock closed the regular session at 707.90, up 4%…
PayPal faces challenges in mobile payments amid competition with credit card networks Visa (V) and MasterCard (MA), but its acquisitions of Braintree, Paydiant and most recently Xoom could help vs. bigger rivals, says Deutsche Bank, which initiated coverage with a buy rating. PayPal last week began trading on a “when issued” basis in advance of its spinoff from online auctions and payments leader eBay (EBAY). Bryan Keane, a Deutsche Bank analyst,