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What You Need To Know Wednesday: Apple, Boeing, Facebook And The Fed

Facebook ( FB ),  PayPal ( PYPL ) and Boeing ( BA ) report earnings on Wednesday. And with the market digesting Apple ’s ( AAPL ) earnings miss and a Federal Reserve decision on interest rates, it could be an interesting session. Here’s what you need to know: Facebook Facebook is expected to report earnings of 62 cents a share on revenue of $5.25 billion, both up 48% from last year, when it issues results after the close. Investors will pay close attention to the social networking giant’s ad revenue growth and its number of monthly active users, which jumped 14% to 1.6 billion last quarter. They’ll also want any clues about Facebook engagement amid reports that users are posting less and that younger people trend toward Snapchat. Shares breached support at the 50-day line Tuesday after finding support there the prior two sessions. The stock is now about 7% below a cup-with-handle buy point at 117.09. PayPal PayPal also reports after the close. Analysts project that earnings will grow 20% to 35 cents a share while revenue rises 19%to $2.5 billion. PayPal is working with Facebook, Starbucks ( SBUX ) and other big brands to help make customer transactions more seamless. PayPal stock is trading just below buy range from an alternate entry at 40.03. It’s also trading 6% below its all-time high as it works on a larger consolidation pattern. Boeing Boeing reports in the morning. Analysts see EPS falling 7.6% to $1.82 and revenue down 3.2% to $21.43 billion. Watch for comments on pricing for its commercial jets as low fuel prices allow airlines to fly older planes and seek discounts on new ones. Boeing stock is trading 11% below its 52-week high and hasn’t closed above its 200-day line this year. Fed Meeting A two-day Fed meeting ends tomorrow. The widespread expectation is for rates to remain unchanged for now, but Fed-watchers will pay close attention for clues about when the next rate hike may be. Apple Apple’s disappointing Q2 earnings report after the close Tuesday is likely to have a negative impact on the market. The consumer tech giant’s EPS fell 19% to $1.90 while revenue dropped 13% to $50.6 billion. Both missed Wall Street views, and so did Apple’s Q3 revenue outlook. Apple shares fell 8% in late trading Tuesday, with iPhone chip suppliers also selling off.

Forget Apple — Here Are 4 Tech Stocks Near Buy Points Pre-Earnings

More earnings reports from big-name companies are due out this week, and positive results could fuel their shares higher. A lot of attention will be on Apple ’s ( AAPL ) earnings late Tuesday, but its stock is in a downtrend. Let’s take a look at four tech stocks with earnings on tap that are trading in or near buy range: Facebook ( FB ), Amazon ( AMZN ), PayPal ( PYPL ) and Baidu ( BIDU ). Facebook reports after the close on Wednesday. Both earnings and revenue are projected to jump 48%. The social media leader is trading 6% below a cup-with-handle buy point at 117.09, and shares are looking to find support at the 50-day moving average again on the stock market today as they dip 0.8% intraday. PayPal also reports late Wednesday, with analysts expecting earnings growth of 20% on a revenue rise of 19%. PayPal is trading just below buy range from an alternate entry at 40.03, and the stock was off 1.3% Monday. It’s also trading 6% below its all-time high as it works on a larger consolidation pattern. Amazon reports after the close on Thursday. Revenue is expected to climb 23%, while the bottom line is projected to swing to a profit of 58 cents a share vs. a 12-cent loss last year. Amazon is still trading in buy range from a cup-with-handle base buy point of 603.34, which it initially broke out of two weeks ago. Shares are currently 11% below their high reached in late December, and they dipped 0.2% Monday. China Internet giant Baidu reports after the close on Thursday as well, with the bottom line projected to fall 10%. Baidu is trading 15% below its 52-week high. Shares have drifted back below a cup-with-handle buy point, but positive results could send shares back within buy range. Baidu was down 1.6% in intraday trade. Meanwhile, Apple is trading 22% below its all-time high reached a year ago and is nearing its downward-sloping 50-day line.

PayPal Undervalued Despite Run-Up, Analyst Says Ahead Of Earnings

PayPal ( PYPL ) is undervalued, an analyst has said ahead of the payments leader’s Q1 earnings due after the close Wednesday. Analysts polled by Thomson Reuters estimate that Q1 revenue will be $2.5 billion, up 19% from $2.1 billion in the year-earlier quarter, with earnings per share minus items rising 20%, to 35 cents. The IBD Leaderboard company, spun off from  eBay in July 2015 , has seen its shares rise 30% since late January. Still, Jefferies analyst Jason Kupferberg says PayPal is an “under-owned, yet scarce asset.” He bumped the investment bank’s price target on PayPal stock nearly 10% to 48 from 44. Shares closed Friday at 40.31, up a fraction on the day. Kupferberg, in a research note, also said that if PayPal and Visa ( V ) revise their operating agreement, it could be favorable for PayPal. Payments has evolved into a fiercely competitive sector, with some of the largest U.S. tech companies making inroads. Apple ( AAPL ) and Google, which is a unit of Alphabet ( GOOGL ), have both built digital wallet technologies. Square ( SQ ) — which makes digital cash registers and processes payments — also has created a technology that may eat into PayPal’s top line. San Jose-based PayPal continues to rally after finding support at its 50-day moving average. Volume has been lackluster during its rebound, but not much different from when shares were falling. The stock is just above a 40.03 buy point and also is in buy range from a lower 38.62 entry. Image provided by Shutterstock .