Facebook Stock Near Highs As Earnings Report Looms

Facebook (FB) will report Q2 earnings after the market close Wednesday with growth that only looks soft compared to its own recent performance. Facebook is expected to report revenue of $2.8 billion, up 56% from the same quarter a year ago but slower than the 72% growth in Q1. The consensus estimate on earnings per share ex items, as polled by Thomson Reuters, is 32 cents, up 68%. The social media giant easily topped profit estimates when it

America Movil Downgraded On Mexican Regulatory Issues

America Movil (AMX), preparing to sell assets in its home market of Mexico to reduce its regulatory burden, fell on Monday as investment bank Morgan Stanley downgraded the stock to underweight. America Movil stock fell 2.5% in the stock market today, closing at 23.22, its third day in a row of declines after hitting a 17-month high. America Movil stock has rallied 15% since mid-July, gains that started after the company announced the sell-off of

Netflix Subscriber Growth Beats, Ramps Europe Launch

Netflix earnings more than doubled in Q2, though that missed estimates by a penny. But subscriber growth beat, as the online video streaming giant set a September launch for six new European markets. The Los Gatos, Calif.-based company expects Q3 profit of 89 cents, below consensus estimates of $1.06, mainly on costs for expanding into Germany, France, Austria, Switzerland, Belgium and Luxembourg. Wall Street had expected a Q4

Freescale Basing, Amkor Testing Support

Chipmakers have shown little slack as the general market wobbles, and several chip stocks are in favorable chart formations. Monday’s IBD ranked their industry group, Electronics-Semiconductor Manufacturing, No. 4 out of 197. It got a sizable boost last week, when two of its leaders reported strong quarterly results. Skyworks Solutions (SWKS) shot to new highs after the company sailed past quarterly expectations, marking another quarter of

Baidu Stock Hits High After Upgrade; Earnings Ahead

Baidu (BIDU) stock rose Monday to an all-time high as China’s Internet search leader was upgraded to overweight, or buy, from equal weight by investment bank Morgan Stanley, which cited improved search monetization. Baidu rose 3.4% to close at 197.72 on the stock market today after hitting a record 199.09 intraday. The China-based search engine is scheduled to report Q2 earnings after the close Thursday. Baidu stock has risen more than 20% since