Strategic Wealth Partners' Mark Tepper says Alphabet is a better bet than Facebook.
Facebook stock is now about 27 percent lower than its July all-time high, and Street sentiment — as measured by the number of hold and sell ratings — is the most bearish it's been since 2013, based on FactSet estimates.
"I mean it's trading at a significant discount to the S&P, but in my opinion it's for good reason," Tepper said Monday on CNBC's "Trading Nation.""They've just got an absolute ton of headwinds, like privacy, government regulation, key employee turnover. But my main concern with them is their digital advertising platform."
Teppers said Facebook was a valuable advertising platform because"they knew so much about their users and could really zero in on their ideal customers. But all that changed. Demographics are gone and their platform has been diluted."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Don Jr. Defends Chelsea Clinton Against 'Sickening' Islamophobia AccusationDon Jr. defends Chelsea Clinton against 'sickening' Islamophobia accusation
Read more »
Trump faces another rebuke from Senate allies over wall, vows vetoJUST IN: Majority of Senate supports measure terminating Trump's border security emergency declaration. More:
Read more »
Watch: CNN's Don Lemon says Donald Trump was right—'The American dream is rigged'Scandals such as the alleged college admissions cheating scheme work in the president's favor despite his hypocrisy, Lemon suggested.
Read more »
CNN's Don Lemon slammed Donald Trump over his comments on white nationalism following the New Zealand mosque attacks“I don’t really. I think it’s a small group of people that have very, very serious problems. It’s certainly a terrible thing,” Trump told reporters on Friday when asked about the rising threat of white nationalism around the world.
Read more »
Watch: CNN's Don Lemon chides Cuomo for explosive Kellyanne Conway interview—'Beneath the dignity of this network''She never answers a question. She berates you. She is condescending,' CNN's Don Lemon said.
Read more »
Opinion | Presidents’ young children should be left alone. That rule doesn’t apply to Ivanka and Don Jr.Opinion: Presidents’ young children should be left alone. That rule doesn’t apply to Ivanka and Don Jr.
Read more »
Race for O.C. supervisor seat narrows between Irvine’s mayor and former congresswomanIrvine's Mayor Don Wagner has a slim lead over former Congresswoman Loretta Sanchez in Tuesday's special election for a seat on the Orange County Board of Supervisors. The winner in a field of seven will replace Todd Spitzer, now the Orange County district attorney.
Read more »
Trump's letter firing James Comey was reportedly sent to the wrong printer, prompting an outburst from the White House lawyerThe letter was reportedly sent to an aide of Trump's former chief economic adviser Gary Cohn. Cohn told the aide to take it immediately to then-White House counsel Don McGahn.
Read more »