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Facebook (NASDAQ:FB) has multiple earnings drivers starting now. But the big hype monster is any positive news on Libra moving forward. Then I expect the stock to go nuts. And if not we have the core business, which is starting to improve again.
First let's review fundamentals.
If you've followed my work you know that I closely watch and predict earnings. I look for earnings inflections that can drive the stock price. Stocks are valued based on their future earnings potential. Facebook is showing signs of a reacceleration in earnings.