Every Sunday, I choose a stock that I think is worth watching for the week. I’m not saying that this stock is a great buy or that it meets the conditions for a short sell. All I’m claiming is that pending news or aligning technicals make the stock worth paying attention to for the next five days.
The stock to watch in the first week of April is Facebook (FB).
On April 4th, Facebook is set to announce something big with the tagline, “come see our new home on Android”. This could mean something as trivial as a new, redesigned Android app, but many are speculating something much larger. A lot of the buzz is focusing on a new Facebook operating system built off of Android that runs on an HTC phone.
Depending on how you take it, this could mean good news or bad and that’s exactly how Wall Street is situated. This announcement could fall flat on its face much like the rumored Facebook phone that so many talked about. On the other hand, Facebook could completely surprise everybody and launch an operating system that seamlessly combines social media and all of its benefits with none of the annoyances.
Whatever is announced the stock will be volatile. High expectations could make a for a huge let down or the company could deliver and gain back much of the value it has shed over the past few weeks.
Now, let’s forget about the pending news and focus on the technicals.
Both the short-term and moderate term stochastics indicate that FB is oversold. That’s not surprising as the stock is down more than 10% over the last 3 weeks while the market has gone up, shaking off every news nugget that comes out.
When you take a break from your intense Facebook analysis, check out some of my favorite posts from last week:
Corey @ 20s Finances asks the same question my wife and I have been pondering over the last few weeks – save for a home down payment or invest for retirement?
A lot of us struggle when we must admit defeat and call someone with more experience than us. The Free Financial Advisor helps by answering, when is it time to call in the professional?
Raising children is not easy, but Krantcents has done a wonderful job. Find out how he did it – How to raise successful children.
Injury recovery isn’t impossible, it just takes a plan. Avoid some expensive medical bills and read the best practices for injury recovery from Todd @ Fearless Men.
The housing market is slowly making a comeback and people are more open to selling their homes. Before you do, find out what you should and should not do from Michelle @ See Debt Run.
It’s usually not enough to write articles that provide value. If you want to become an interesting blogger, check out these tips from Jon @ Affiliatehelp.