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Invest2Success Said Buy Facebook Earlier In The Year

|Includes:AOL, Facebook (FB), GOOG, MOVE, MSFT, SINA, TCEHY, TWTR, YHOO

Facebook Beats Q2 Earnings, Stock Soars Higher by Zacks Investment Research

On April 28th of this year, Invest2Success sent out this buy recommendation below to all of our "Profit Rockets" Stock Picks Subscribers. The "Profit Rockets" low-risk high-reward stock picks provide buy or sell entry, stop-loss, and take profit price area information to keep your losses small and your gains large.

04/28/14 - Buy Facebook FB

Buy Entry: 54.62 to 61.52

Stop-Loss: 51.54

Take Profit Areas: 66.69 to 67.72, 69.94 to 73.52, 79.52 to 88.98, Potential long term hold. Watch Facebook's analysts earnings estimates and FB's quarterly earnings reports.

Click Here for a Free Trial of the Profit Rockets Stock Pick Service

Zacks Investment Research reports Social media giant Facebook (FB - Price Trend Report) reported Q2 earnings after the bell Thursday, and as usual the company did not disappoint. GAAP earnings per share (NYSEARCA:EPS) reached 30 cents on revenues of $2.9 billion in the quarter, both of which beat Zacks consensus estimates of 26 cents and $2.85 billion, respectively. "We had a good quarter," said CEO Mark Zuckerberg.

One year after Facebook finally broke through with a positive earnings report when the company demonstrated it had solved its "mobile problem" -- the stocks have soared 170% since then -- Zuckerberg's company now claims mobile ads make up 62% of Facebook's revenues. Daily active users (DAU) rose to 829 million and monthly active users (MAU) totaled 1.32 billion, 1.07 billion of whom are mobile MAUs. This amounts to a 31% increase year over year in mobile MAUs.

Further, revenues gained over $1 billion year over year in its fiscal Q2, amounting to an increase of 61%. In fact, $2.68 billion of its $2.91 billion in total revenues came from advertising. Facebook's 15.4% positive earnings surprise also marks the third such surprise in EPS of the past four quarters -- all of which reached double digits.

The after-market initially had a "sell the news" moment, where FB shares dipped 1.8%, giving back most of its nealy 3% gain by the close of regular Thursday trading. As of this moment, Facebook shares are up another 4% in late trading.

Facebook has grown 30% year-to-date, with no signs of letting up. Let's face it: Facebook not only solved its "mobile problem," one year later it's absolutely crushing it.

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Disclosure: The author is long FB.

Stocks: FB, TWTR, GOOG, MSFT, YHOO, AOL, MOVE, SINA, TCEHY