Josh Brown On Facebook: 'We're Running Out Of Superlatives'

Halftime Report trader and Ritholtz Wealth Management CEO Josh Brown shared just how bullish he is on Facebook Inc FB stock after earnings. "What can you say about the company that executes flawlessly and continues to find ways to exceed even lofty expectations?" Brown asked on CNBC.

"We're running out of superlatives."

The success of Facebook's strategic M&A actions thus far are a major positive, he added. "It's not a deal for the sake of doing a deal...they actually have a plan to make money," he said, highlighting Instagram, video and virtual reality as three areas of potential upside.

Despite the stock's current valuation, the growth is what makes Facebook attractive. "Again, there are very few stocks that have this kind of growth that are not reliable on a global economy that's growing sub-3 percent," he explained.

The Growth Continued

Facebook's evolution as a business can be seen in two charts, shared Wednesday on Benzinga. Advertising revenue has consistently generated a greater percentage of sales over time while desktop and mobile user growth continues quarter-after-quarter.

On Thursday afternoon, Facebook shares are up 16 percent trading above the $110 level, just off their all-time high. The stock is up 44 percent over the past 12 months.