Luce Emerson is a former sell-side banker with a broad range of capital markets experience. She continues to follow markets closely, with a particular focus on retail, financials and entertainment.
Facebook’s move to merge its app with Instagram is a small change but an indicative one. The trend is for them to continue to strengthen its position in mobile apps even further and thus, take a larger share of digital ad dollars. This will likely lead to top and bottom line earnings growth, continuing the stock’s ascent upwards.
Hertz Global Holdings, Inc (NYSE:HTZ) has been a bit of a dark horse this year. The stock steadily declined 47% for the first half of the year when the broader market (S&P 500) posted gains of over 8% during that period.