Listen: Facebook, Barclays And Charles Evans discussed on KCBS Radio Afternoon News
"Wolford onto the MoneyWatch stocks closed lower today Joseph Jason Brooks is at the super micro Intel money also checking out Facebook. Facebook's upcoming earnings report will reveal whether the social media firms continuing user. Privacy scandals are denting its numbers. A Barclays analyst says it's a good time to buy the stock. The belief that the investment community is skeptical around user growth and engagement so any color around stable to improving user trends should go a long way toward improving the narrative. Barclays is giving Facebook and overweight rating with two hundred ten dollars price target about eighteen percent higher than its current trading level. The Federal Reserve may pause interest rate hikes for a long time the feds Chicago, president Charles Evans, still CNBC that he doesn't think rates will move until the fall of twenty twenty saying that will help support the inflation outlook and make sure it's a stain -able. It's a change of tune for Evans who as recently as December said he was in favor of a couple more rate hikes, Goldman Sachs weaker than expected earnings weighed on the stock market today. The Dow lost twenty seven points to twenty six thousand three hundred eighty four the."