Facebook's been one of the strongest FAANGs this year. Here's why it's just been downgraded.
The FAANG stocks haven't really had much in common this year, with performance ranging from a 58% surge in Google parent Alphabet $$, to a 2% drop in online retailing giant Amazon $$.Arete Research, an independent research service focusing on the tech sector, said it is time for a breather in the second-best performer of that group, Facebook , which has surged 32% this year. It downgraded Facebook to neutral from buy and left its price target at $381, or 6% above Friday's closing price.The issue
Warren Buffett bucks Wall Street by adding more Kroger stock to his portfolio
Kroger can be seen as both a value pick and a long-term play on the transformation of food shopping. When investors think about the supermarket industry, dynamic growth probably doesn't come to mind. But Berkshire Hathaway CEO Warren Buffett loves Kroger.One reason may be that the stock is cheaply priced relative to earnings estimates. Another is that Kroger Co. KR is ramping up online sales; digital sales increased 16% in the fiscal first quarter ended May 22 from a year earlier and more than d