Facebook, Google, and More: Why Investors Are Buzzing About These 5 Stocks

Facebook Inc (NASDAQ:FB) is on the watchlist of many traders today after Goldman Sachs added the tech giant to its ‘Focus’ list. The investment bank likes how the social networking company is an “asset-light disruptor” with a huge user base and strong mobile engagement that should power the company’s growth for years to come. Around 30% of all mobile internet use time in the U.S. is on Facebook or its related apps. Goldman Sachs has a $162 price target on Facebook according to Marketbeat, $32 above shares’ current price. 148 funds that we track owned shares of Facebook Inc (NASDAQ:FB) at the end of June, down by 16 from the end of March.

Only a short time after the FAA paved the way for feasible commercial drone delivery in the United States, Alphabet Inc (NASDAQ:GOOG) is testing the waters by test-trialing Chipotle Mexican Grill, Inc. (NYSE:CMG) burrito deliveries to Virginia Tech. One of Alphabet’s drones will carry burritos from a Chipotle food truck and fly them to a person who will then hand out the burritos to the customers who ordered them. If successful, many investors believe that Alphabet will eventually expand the scope of its drone activities. 187 hedge funds had a long position in Alphabet Inc (NASDAQ:GOOG)’s class A or class C shares (or both) on June 30, making it the most popular stock among the hedge funds in our system.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is trending after pricing its secondary offering. According to the terms, AMD will sell $600 million worth of common stock for $6 per share, and will also grant underwriters an expiring option to buy an additional 15 million shares at the same price. AMD has also increased its convertible note offering to $700 million from the original $450 million. AMD intends to use the net proceeds to repay debt. 25 funds tracked by Insider Monkey owned shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) as of the most recent 13F reporting period, up by 12 funds quarter-over-quarter.

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