After the close today, Facebook (FB) is scheduled to report Q2 earnings. A conference call is set to follow at 6:00 pm ET. Like many mega-cap technology stocks, FB has been quite strong, up ~15% since the beginning of May.
FB, along with other tech titans such as Google (GOOG), Apple (AAPL), and Amazon (AMZN), was in the spotlight yesterday during an antitrust hearing with Congress. While the hearing produced some soundbites, it did little to impact the stock as shares closed higher by a little more than 1% yesterday.
For the quarter, analysts are expecting FB to report EPS of $1.38 and revenue of $17.36 bln, equating to projected growth of just 2.7%.
TECHS
If you liked this content please click the ❤️ below and/or share this post.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2020 PREVIEW OPINION PACKET. OVER 140 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
Check out the latest episodes on my YouTube above and SoundCloud channel below.