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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.

Earnings Season Meltdown? 4 Big Names Tease Buy Zones Then Tumble

Loading the player… Alphabet ( GOOGL ), Microsoft ( MSFT ), Starbucks ( SBUX ) and Visa ( V ) were all trading at or near buy points going into their quarterly earnings reports last night. But in what could be seen as a big letdown for investors, all four issued disappointing results and/or guidance, which has sent the stocks tumbling below key levels. Not only is this notable because of their big names, but also because most of them are highly rated by IBD. Alphabet currently earns an IBD Composite Rating of 98 out of 99, while Visa has a 92, and Starbucks has a 90. Microsoft has a Composite Rating of 73, meaning it outperforms 73% of all stocks based on fundamental and technical factors. IBD’s Take: How do Alphabet, Microsoft, Starbucks, Visa measure up? Find out at IBD Stock Checkup Alphabet gapped down 5.4% in giant volume, breaching its 50-day line. It’s also triggering a sell signal, with shares now more than 5% below the cup-with-handle buy point at 777.41. The stock is trading 9% below its February high. Microsoft plunged 7.2% in heavy volume, with the stock breaking below the 50-day. Shares are now looking for support at the 200-day line. Microsoft was near its 56.95 buy point in Thursday’s session, but it’s now trading 9% below that level. Starbucks is dropping below its 50-day and 200-day moving averages in quick turnover, losing 4.9%. Shares are trading 7% below a saucer-with-handle buy point at 61.74, and 10% below their October peak. And Visa is now below its 10-day line, falling 2.1% in fast trade. It’s still holding above the 50-day and 200-day lines, which recently crossed in a bullish manner. Shares are now 3% below their cup-base buy point at 81.11. Whether this is a trend that will continue throughout earnings season remains to be seen, but we will continue to update you as reports from Facebook ( FB ), Amazon ( AMZN ) and PayPal ( PYPL ) come in next week.

PayPal At The Heart Of Facebook, Starbucks Mobile Payment Offerings

Loading the player… LAS VEGAS — PayPal ( PYPL ) is at the heart of many notable companies’ mobile offerings, with its Braintree being leveraged for Facebook ( FB ) Messenger’s in-app Uber requests and its Paydiant platform being used to power mobile payments in the Starbucks ( SBUX ) app. PayPal’s global head of product and engineering, Bill Ready, explained during a keynote speech at the TRANSACT 16 conference in Las Vegas Wednesday how the company is working with those partners and others to help consumers make seamless transactions. Ready did not reveal a product directly rivaling Apple ( AAPL ) Pay or Alphabet’s ( GOOGL ) Android Pay, but indicated new offerings are in the pipeline. Meanwhile, Square’s ( SQ ) capital and HR head, Jacqueline Reses, discussed the card-reader maker’s expansion of its business loan program. Right now the loans are only available to Square-using merchants, but she said that one day the loans will be available to merchants that are using payment processors other than Square. Other notable companies at the conference include Visa ( V ), MasterCard ( MA ), Vantiv ( VNTV ) and Samsung.