Investing — 2018-07-27
Today’s selection of articles:
- “Loup Ventures’ Gene Munster expects a ‘divergence’ in FAANG stocks over the next 6 to 12 months“, by Berkeley Lovelace, Jr. (CNBC, 2018-07-27). Munster presages that F and N will “kind of fall off” AAG (name that codon; answer here).
- “Facebook stock plunges on earnings“, by John Divine (US News, 2018-07-25). Daily active users (DAUs) and monthly active users (MAUs) were up 11% year over year but mised analyst targets, leading to the largest one-day loss of market capitalization (119 USD) in market history. FB’s earnings per share beat consensus estimates ($1.74 actual, $1.72 estimated), while revenue came up just short ($13.23b actual, $13.36b estimated).
- “Facebook stock has analysts baffled“, by Wayne Duggan (US News, 2018-07-27). Any time two or more analysts present contradictory advice, are they “baffled”?
- “Square (SQ) to report Q2 earnings: what’s in the cards?” (Zacks Equity Research, 2018-07-27).
- “Twitter shares slide 16% after fake account purge, new rules in Europe“, by Max A. Cherney (Market Watch, 2018-07-27).
- “Twitter to prioritize fixing platform over user growth, shares plunge” (Reuters, 2018-07-27).