3 Stocks being Sent to the Moon (GRPN, NOK, FB)

Ralph - To the Moon Alice

One of these days is here for these stocks, they are taking a beating.

Taking a punch to the nose are shareholders of Groupon Inc (GRPN) which hit a new 52-week low of $5.71 today. Joining the pity parade are shares of Nokia (NOK) and Facebook (FB) which are falling on heavy volume.



Poor Facebook (FB) can't catch a break, today at $20.84 and less than 5% from its 12 month low.  Mastery is warming up to owning shares of FB should they trade under $20.  Facebook's latest plans of raking in money from online gambling sounds a bit desperate but if it works for them -- super.


Nokia (NOK) continues its demise with shares down 7% and trying to stay above $2.40.  There seemed to be hope for NOK last week when it almost touched $3.  Its one step forward and two steps back for Nokia these days despite climbing back from its $1.63 price last month.  In 2012 Nokia shares are down 50%, its hard to find anyone with a positive comment about the stock.


Groupon (GRPN) shares are down 23% today to $5.80, they blew the conference call last night.  The worst news was Groupon's international business dropped 4% in Q2.  Investors needed to hear growth overseas was going to continue, otherwise why pay the high multiple on the stock.  Groupon banks more than 50% of its revenue from outside the U.S..  Without international growth, the stock will not move higher.  There's too much competition in the States from Groupon copycats like LivingSocial.  Groupon has got to find its edge elsewhere and that needs to come from international sales.


MASTERY Bottom Line (Flying Kick Style)


MASTERY Bottom line:


These 3 stocks may end up on the Moon before they show any value to shareholders. However both Facebook (FB) and Groupon (GRPN) could enjoy a quick bounce due to their popularity with traders. Nokia (NOK) could still be a long term turnaround candidate, but for now nobody likes them.


3 Stocks being Sent to the Moon (GRPN, NOK, FB)


GRPN


 


NOK


 


FB


 

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