Facebook’s (FB) breakout attempt looks to be fading as it gave up its buy point on the stock market today. Meanwhile, Twitter (TWTR) edged back above its buy point and LinkedIn (LNKD) decisively broke support at its 50-day line. Make sure to watch this video for detailed chart analysis of Facebook. Follow Alissa Williams on Twitter: @IBD_AWilliams.
Twitter (TWTR) stock rose on Wednesday, riding news that investment bank Jefferies initiated coverage of the microblog with a buy rating, citing a rebound in user growth. Twitter stock was up 1.5% in midday trading in the stock market today, near 51. Jefferies set a price target of 65. Twitter stock is up 39% this year. “We believe Twitter is a leader in the crowded social media space and is particularly well-positioned to benefit from online
Tesla Motors (TSLA) rose Monday after CEO Elon Musk tweeted about a “major new product line” announcement on April 30. But investors should take note. The stock boost from prior Musk tweets has been short-lived. Musk said on Twitter (TWTR) Monday that a “major new Tesla product line — not a car — will be unveiled at our Hawthorne Design Studio on Thurs 8pm, April 30.” Speculation immediately turned to home solar energy battery storage, something