Top Internet Content And Information Stock Searches This Month

Key Takeaways:

• We use Trackstar data to identify the stocks investors are searching for. 
• This week we look at some of the internet’s largest and most popular platforms. 
• Each company’s recent earnings report gives us a glimpse into their prospects from an investment perspective. 

Before we review what’s up with the most searched for Internet Content and Information stocks, we want to officially protest name changes. We haven’t gotten used to them. Probably never will. 

We get it – Google is more than Google. So they started calling themselves Alphabet. Problem is nobody else does. They’ll always be Google. 

Same goes for Facebook. Nobody calls Facebook Meta. Ever. Go ahead, change your ticker, Facebook. Change it to META (they actually are, in June). We’ll still search FB!! 

Source: Google Finance

Gulp. That’s ugly. Mostly. 

Special shout out to Elon Musk for helping keep Twitter’s stock afloat. 

Anyhow, for each of our top five stocks, we’ll pull the piece of data we find most interesting from their recent earnings report. Consider it a refresher as we await further 2022 results this summer.

#1 Facebook (FB)

Source: Facebook (we mean, Meta!)

While Facebook beat analyst profit expectations, it missed on revenue. Maybe more concerning, average revenue per user declined 17% from last quarter. In the US, ARPU hit its lowest point in a year.

#2 Google (GOOG) (GOOGL)

Source: Google (er, Alphabet)

Need we say more. 

Revenue increases across the board for Google. Of all the big tech names, Google feels most like a blue chip. Even more than Apple (AAPL). Ubiquitous and sticky and, unlike, say Facebook or Twitter, without a real threat of being replaced by another platform anytime soon. 

#3 Twitter (TWTR)

We don’t have a chart for Twitter. Why? To symbolize the limbo it feels like the company is in until Elon Musk takes control or not. 

Two competing thoughts: 

• Twitter grew its average monetizable daily users by 15.9% to 229 million in Q1, including a 6.4% increase in the US. Nice enough. 
• However, subscription and other revenue tanked 31% year-over-year. Not enough. 

As Musk said himself, Twitter needs paying subscribers. He thinks the company can generate $10 billion in subscription revenue within six years. In an environment where it feels like we pay for just about everything monthly, this feels more than slightly optimistic. 

But if anybody can make it happen, Elon Musk might be able to. We’re not confident enough to say he can. 

#4 Snap (SNAP)

Source: Snap

It’s incredibly easy to understand the near- and long-term Snap narrative:

• 332 million daily active users, up 18.6% year-over-year
• 90% of 13-24 year olds, 75% of 13-34 year olds in the US, UK, Australia, France, and Netherlands use the platform. 
• More than 250 million Snapchatters use Snap’s main feature and focus  – Augmented Reality (AR) – each day. 
• These 13-34 year olds prefer this type of communication. They’re all-in on AR. 
• Snap can reach this group – at critical life stages – via advertising. 

Snap says it’s only the beginning, making the story seemingly more relevant than impressive current results. 

The big question – does Snap stay relevant with young people or will we talk about it the way we do Facebook a few years from now? 

#5 Zoom (ZM)

Source: Zoom

Zoom crushed earnings late last month and upped its guidance. 

The story here has already turned to enterprise sales, because it’s no longer about you doing Zoom in your underwear during quarantine. It’s about your company adopting Zoom as its remote work communication platform of choice. 

So far, so good. 

The Bottom Line: More than any other sector, companies that look to connect people and facilitate information online must keep users engaged. It’s not all that difficult to move on from Facebook to, say, Snapchat, particularly for young people. 

So, of the bunch, we’re most confident in Google by far. Most hopeful that Zoom continues to be a preferred remote work platform. Most uncertain about Twitter until the dust settles on whatever happens with Elon Musk.

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