This is not the kind of earnings season investors have gotten used to, but some companies are faring better than others.
Morningstar's Rick Summer sees Facebook and Google dominating the Internet advertising market as Facebook finds better ways to monetize its massive user base.
It will be a volatile ride, but Facebook's strong competitive advantages and growth opportunities could be the recipe for a hefty valuation, says Morningstar's Rick Summer.
We think the professional networking site has a narrow moat and strong prospects, but the current share price is beyond stretched.
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