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Tuesday, October 31, 2017

BIG day of earnings!


Facebook, Tesla and more report earnings Wednesday:

▸ FB Wed Nov 01 After Close.

Instagram is doing great. They keep enhancing their app with viral features like SuperZoom. Messenger and Instagram are #1 and #3 top free apps on the AppStore. This should be a solid report from them.

 TSLA Wed Nov 01 After Close.

Hard to call how the earnings report will be. What will be interesting to hear is the production ramp for the Model 3. I think this is a revolutionary company longer term, so am going to hold through tomorrow.

▸ GPRO Wed Nov 01 After Close.

No views on this.

▸ QCOM Wed Nov 01 After Close.

Oh man, another interesting one. Their legal battle with Apple is really costing them. Unless there are signs of this resolving, I expect the stock to keep underperforming.

▸ FIT Wed Nov 01 After Close.

They had a relatively successful launch of the Ionic smartwatch. Having said that, this stock will struggle with competing against Apple, Samsung and others with many more resources. My sense is that it get acquired at some point by a giant that wants to buy their way into wearables.

In fact here's a handy little app to help you navigate the busy earnings season. You can also see recent product releases for a lot of the tech stocks like FB, SNAP, etc.

Knotifi: Track Earnings & More.



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• The contents of this blog are the personal opinions and investment choices of the writer. Please don't treat them as investment recommendations.
• I have a long position in FB, TSLA, QCOM.

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