Wall Street’s expectations for Facebook’s earnings in the coming year are far too low, said Rahul Shah, CEO of Ideal Asset Management. Shah added that video ads in Facebook’s news feed will be a catalyst to drive the stock higher. He said Facebook is still popular with younger users who are addicted to Instagram. Shah is also bullish on Bed, Bath & Beyond, saying the retailer will see higher same store sales in the coming quarters and will offer a large buyback program to entice investors. Finally, Shah said Viacom is the cheapest media company in the sector and fears over its DISH deal are overblown.
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