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Top Stock Picks for Week of June 24, 2019

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Facebook Inc. (FB - Free Report) , operates a social networking website worldwide. Facebook is benefiting from solid mobile ad revenues, driven by impressive growth in Instagram Stories and Feed, and Facebook News Feed. Moreover, the upcoming cryptocurrency, Libra, is expected to expand the company’s footprint into the lucrative online payments space. Facebook also intends to capture the opportunity presented by ever-increasing video viewing on social media platforms. The company is considered to have pioneered the concept of social networking, which is why it enjoys a first mover’s advantage in this market. It has a strong balance sheet and generates significant cash flow, which makes it an attractive stock for investors.

AngloGold Limited (AU - Free Report) , is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The Zacks Consensus Estimate for earnings on this #1 ranked company has moved up by double digits over the past 90 days, indicating year-over-year growth of 90.57%. This compares with the Mining - Gold industry’s estimated rally of 16.4%. The stock currently has an ‘A’ for both Value and Momentum. A good gold play.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.      

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.   

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