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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
277.81 USD   +0.81%
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SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Asian shares falter again, poised for first weekly loss since late-Sept

10/29/2020 | 08:58pm EST

* MSCI ex-Japan down for third day in a row

* MSCI ex-Japan set for 1st weekly loss since late-Sept

* Eyes on U.S. presidential election, rising COVID cases

SYDNEY, Oct 30 (Reuters) - A gauge of Asian shares fell for a third straight session on Friday as jitters over upcoming U.S. presidential elections and fears that the global economic downturn will persist enveloped markets, though the index was still set to end the month higher.

MSCI's broadest index of Asia-Pacific shares outside of Japan was last down 0.3%, on track to the end the week 1.3% lower after four straight weeks of gains.

The index is up 3.7% in October so far. Analysts expect this broader outperformance to extend further.

"For a crisis of this scale, Asian equities have performed remarkably well," Citi analysts wrote in a note.

"Within the region, markets with a higher weighting of technology stocks or where the recovery has become more entrenched have outperformed," they added. "This solid performance can continue, in our view. Valuations are reasonable for an early stage of a recovery while liquidity is generous. There has also been a perceptible drop in volatility in recent months."

The mood on Friday was less positive, though. Australia's ASX 200 fell 0.2% and New Zealand's benchmark index faltered 0.6%. Japan's Nikkei slipped 0.8% as did South Korea's KOSPI index.

Chinese shares were marginally higher, with the blue-chip index up 0.07%.

E-Mini futures for S&P500 stumbled 0.9% in early Asian trading, a signal Wall Street would open in the red later in the day.

Record numbers of coronavirus cases worldwide and the Nov. 3 U.S. presidential election remained the major factors looming ahead for investors. On Wednesday, global coronavirus cases rose by over 500,000 for the first time as France and Germany prepped fresh lockdowns.

The falls in Asia occurred despite a solid session on Wall Street overnight, which was helped by a diet of strong quarterly reports from tech giants and data showing the U.S. economy grew at a historic annualised pace of 33.1% in the third quarter.

Google parent Alphabet, Amazon.com Inc, Apple Inc and Facebook Inc all beat analyst estimates for quarterly revenue, with Amazon reporting a second straight quarter of record profits.

The Dow Jones Industrial Average closed up 0.52%. The S&P 500 gained 1.19% and the Nasdaq Composite added 1.64%.

"Even with the rebound, U.S. output remains 3.5% below its pre-COVID levels. The path towards recovery is much less clear from here, especially as the number of virus cases grows and there are near-term impediments to a fiscal deal," wrote ANZ analysts in a note.

The European Central Bank committed to further action in December to further lend economic support as European nations grappled with a renewed coronavirus outbreak.

Analysts expect an expansion and extension of the ECB's Pandemic Emergency Purchase Programme, a lower deposit facility rate, and even more generous lending terms for banks in December.

The announcement sent the euro sliding to a four-week low of $0.1648 to be last at $1.1678.

The dollar was weaker against the Japanese yen at 104.46 while the risk-sensitive Australian dollar rose 0.3% to $0.7050.

In commodities, oil picked up after hitting a five-month low on Thursday, with Brent crude futures up 9 cents at $37.74 a barrel and U.S. crude adding 11 cents at $36.28.

Gold rose, with spot prices climbing 0.2% to $1,870.9 an ounce.

(Reporting by Swati Pandey in Sydney and Pete Schroeder in New York; Editing by Tom Brown and Gerry Doyle)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.30% 1787.02 Delayed Quote.33.42%
AMAZON.COM, INC. 0.32% 3195.34 Delayed Quote.72.92%
APPLE INC. 0.48% 116.59 Delayed Quote.58.05%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.06% 0.95817 Delayed Quote.5.22%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.08% 76.843 Delayed Quote.0.60%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) 0.06% 1.05103 Delayed Quote.0.69%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) 0.05% 0.66733 Delayed Quote.-1.64%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.08% 0.738 Delayed Quote.4.86%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.02% 1.803 Delayed Quote.-3.97%
DJ INDUSTRIAL 0.13% 29910.37 Delayed Quote.4.67%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) 0.07% 1.62022 Delayed Quote.1.33%
FACEBOOK INC 0.81% 277.81 Delayed Quote.35.35%
KOSPI COMPOSITE INDEX 0.43% 2630.85 Real-time Quote.19.13%
LONDON BRENT OIL 1.13% 48.24 Delayed Quote.-27.73%
NASDAQ 100 0.87% 12258.211779 Delayed Quote.40.37%
NASDAQ COMP. 0.92% 12205.846315 Delayed Quote.34.79%
NIKKEI 225 0.40% 26644.71 Real-time Quote.12.63%
S&P 500 0.24% 3638.35 Delayed Quote.12.62%
S&P/ASX 200 -0.53% 6601.1 Real-time Quote.-1.24%
WTI 1.29% 45.54 Delayed Quote.-26.73%
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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,8x
Yield 2020 -
Capitalization 791 B 791 B -
EV / Sales 2020 8,70x
EV / Sales 2021 6,82x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | MarketScreener
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Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 315,73 $
Last Close Price 277,81 $
Spread / Highest target 35,0%
Spread / Average Target 13,7%
Spread / Lowest Target -56,8%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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