Is Zynga heading in the right direction?
The company goes against the grain of the Nasdaq's fall and gets an analyst upgrade. Could it finally see its day in the sun?
In this video from Friday's Stock of the Day, Motley Fool analyst Jamal Carnette discusses why he likes some of the moves Zynga is making at the moment. The company just named David Lee as its new CFO, a sign that the company's new CEO, Don Mattrick, is steering the company in a new direction, away from where the company sat under the leadership of former CEO Mark Pincus.
So with the upgrade and the shake-up in leadership, could Zynga now be a buy? Jamal doesn't think so, at least not yet. He still has doubts about the company's monetization strategy, and doesn't see this as the type of company with a strong brand and wide moat that he personally would prefer to invest in.
But, he likes the moves the company is making, and thinks this could be a sign that it's at least heading in the right direction.
The Motley Fool's 12 top stocks for 2014 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2014: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2014! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now.
Raise your periscopes out of your Hollows. [We have.] Watch to see if May comes early this year; If it does, we may "Sell in April and go away." The market is getting delinquent.
Copyright © 2014 Microsoft. All rights reserved.
These companies won't soar like other plays in the sector, but they make for great income sources.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.