JP Morgan Highlights Facebook as Favorite 2014 Idea Ahead of Wednesday's Q4 Results

is slated to announce its 4Q13 earning aftermarket close on Wednesday, January 29. JPMorgan analyst Doug Anmuth speculates that FB is slated to report a strong 4Q due to mobile and news feed ads. He also reiterated that Facebook remains the "Favorite Idea in 2014." Anmuth previously commented, "Mobile has moved from a headwind in 2013 to a tailwind in 2014. We note that Facebook's mobile revenue growth has been robust, despite relatively modest ad load increases, suggesting users, usage and ad-quality improvements can continue to drive strong revenue growth going forward." JPMorgan currently rates Facebook as Overweight with a price target of $62. FB is currently trading down around $53 from its previous close of $54.45 on Friday,