Two IBD 50 stocks are in buy range in the stock market today: Illumina (ILMN) and Avago Technologies (AVGO). Illumina has a highest-possible IBD Composite Rating of 99. On Monday, MIT put the maker of gene sequencing systems at the very top of its “smartest companies list,” which the university says highlights where important innovations are happening right now. Other companies that made the list include Tesla (TSLA), Google (GOOGL) and
Facebook (FB) stock hit a fresh high Tuesday, riding momentum from a price target hike and a positive research report on Monday. Ampere Analysis said Facebook is poised to become a “plausible alternative” toGoogle’s (GOOGL) YouTube. Based on the revenue potential of the social network’s Oculus Rift virtual reality gear, Piper Jaffray raised its price target on Facebook to 120 from 92 and kept its overweight rating. The new target is about a 42%
Online video behemoth YouTube is no longer the dominant content provider it once was. A new report out Monday says Facebook (FB) is poised to become a “plausible alternative” to Google’s (GOOGL) video arm. According to Ampere Analysis, Facebook is earning 73 cents per monthly active user (MAU) on videos versus the 28 cents per MAU that YouTube is earning. Ampere says that Facebook is “making a serious play for content owners” and the social