Today we are watching…
1. Weibo Corporation (#wb-adr)
On a day of earnings releases dominated by the Chinese, Weibo aims to beat per profit per share expectations of $0.56 on $429 million in revenue. Weibo is a hugely popular social networking company in China, and its investor base has all eyes on its revenue figure today. The trade war has caused Weibo’s revenue to fall short in previous quarters, bringing the stock crashing down from its prior highs. Some in the market believe the firm should take a leaf out of Zuckerberg’s book, monetizing its websites better with ads. The market is wary of Hong Kong tensions as well right now, so investors, tread carefully!
2. Estee Lauder (#estelaud)
Estee Lauder, the personal skincare and grooming champ, has some earnings news to deliver today. The company will answer a host of questions with even it admitting it doesn’t know how investors will react as it invests heavily in new technology. A retailer at heart, Estee Lauder is trying to kit out its stores with augmented reality and other innovations that give them an online feel. The stock has performed admirably over the past year despite a Chinese expansion effort fronting obvious trade headwinds. The firm aims to beat profit per share estimates of $0.53 on revenues amounting to 3 and a half billion.