Facebook Stock Struggles On Daily Active User Data
Facebook inc (NASDAQ: FB)
Facebook is having a hard time finding its footing in the market after it’s recent earnings report. The company beat analyst expectations with regard to both top-line revenue and earnings per share. With regard to revenue, we saw $4.04 billion compared to expectations of $3.99 billion. In terms of earnings, the company produced $0.50 per share compared to expectations of $0.47. The only bad news in the report revolved around daily active users. In the quarter, average daily active users came in at 968 million; slightly missing analyst expectations of 970.5 million. This seems to be the metric that investors are struggling with. Currently (2:15), FB is trading at $94.66 per share after a loss of 2.40% so far today. Nonetheless, I still have quite a bit of faith in the world’s most popular social network. With that said, the recent declines may be presenting a strong opportunity for future gains at a discounted rate.
Apple Stock Continues To Decline…Will It Last?
Apple Inc. (NASDAQ: AAPL)
Apple has had a tough time in the market since the release of their second quarter earnings report. Unfortunately, the company missed expectations with regard to sales of its flagship product, the iPhone. Now, more bad news is hitting the stock; causing more declines today. Earlier this morning, a MarketWatch report looking into the tablet market showed data that the market has seen a 7% drop in the second quarter in terms of year over year growth. Considering the fact that the iPad is a major product offered by Apple, it’s understandable that investors would be concerned. Currently (2:20), AAPL is trading at $121.89 per share after a loss of 0.89%. While we may have seen declines in the stock over the past 5 days, I don’t think that we are going to continue to see this pattern. With that said, recent declines may be bringing the stock down to a price for opportunistic investors!
Twitter Finds Support After Poor User Growth Causes Declines
Twitter Inc (NYSE: TWTR)
Twitter has also had a rough time in the market recently; realizing declines even after smashing earnings expectations. However, the declines have definitely been understandable. The reality is that Twitter hasn’t been able to solve its biggest problem… user growth! As a matter of fact, on their earnings call, the company’s CFO explained to investors that it’s likely to take a “considerable” amount of time before we see any real positivity in user growth; ultimately sending the stock reeling. However, it seems as though TWTR has found support at $31.10 per share; realizing slow increases in value today. Currently (2:25), TWTR is trading at $31.27 per share after a slight gain of 0.10% so far today. With regard to what we can expect to see in the future, I think we’re really looking at a toss up here. It all depends on how willing investors are to wait for better user growth. Only time will tell, but this is definitely one worth watching.
Yelp Also Finds Support After Poor Earnings
Yelp Inc (NYSE: YELP)
Finally, YELP is having a relatively good day in the market today considering the massive declines we saw as a result of earnings. While the company clearly has quite a bit of work to do in order to improve investors, it seems as though the stock has at least found its support at $23.85 and started to see slow and steady gains since. Currently (2:28), YELP is trading at $26.06 per share after a gain of 3.99% so far today. Although I don’t see the company making up for the massive losses we saw any time soon, I do expect to continue to see slow and steady growth as the company works out its problems.
Do You Know Of Any Others?
Do you know of any other stocks in tech that are worth watching? If so, let us know in the comments below!