MarketWatch rounds up 10 of its most interesting topics over the past week.
1. What comes after Facebook’s pounding
The 19% plunge in Facebook’s FB, -0.78%[1] share price on Thursday after the company said it expected slower sales growth and faster increases in expenses[2] may already seem like old news. Wall Street analysts may be upset with Facebook CEO Mark Zuckerberg, but they still love the stock[3], with 85% maintaining “buy” or equivalent ratings, according to FactSet.
Meanwhile, Facebook is one of a very small number of S&P 500 stocks to show consistently high double-digit sales growth over the past two years[4].
More Facebook fallout:
• Facebook users have one red line they won’t cross[5]
• Facebook pays for all its mistakes at once, and it is a big bill[6]
• How Facebook’s $120 billion loss ranks among the biggest one-day stock disasters[7]
• Facebook’s plunge drops Zuckerberg down the billionaire ranks — behind a guy many Americans may not know[8]
• Hedge funds are paying a steep price for their love affair with Facebook’s stock[9]
• Facebook’s historic plunge, as seen through the eyes of the internet[10]
• One millennial options trader was killing it, then Facebook cost him $180,000[11]
And: Investors keep underestimating growth in internet advertising at their peril[12]
2. Amazon does it again
Following Facebook’s debacle, Amazon.com FB, -0.78%[13] gave investors some relief by reporting a record quarterly profit[14] along with a 39% increase in second-quarter sales from a year earlier.
More on Amazon:
• Record Amazon profit is result of less hiring, more ad sales[15]
• Analysts now project Amazon to top $1 trillion in market cap, ahead of Apple[16]
3. Trimming FAANG stock exposure may improve your long-term performance
The FAANG stocks — Facebook FB, -0.78%[17] Amazon.com AMZN, +0.51%[18] Apple AAPL, -1.66%[19] Netflix ...