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Today we are watching…
1.ย Tesla (#tesla)
Tesla stock has a life of its own. Few shareholders expect stability anymore from the pacesetting electric car maker. But still, most hope todayโs earnings can at least get the stock pointing back in the right direction. Investors have eyes on delivery numbers, 400,000 being the year-end target. As competitors join forces to take Musk’s Tesla down, rocky fundamentals are the firmโs Achilles heel. However, a good showing in todayโs earnings announcement would help it fight on. Tesla is estimated to make a loss of $0.44 per share on 6.3 billion dollars in revenue.ย
2. Facebook (#fb)
Another stock with a jarred recent history, Mark Zuckerbergโs Facebook joins Tesla on the earnings chopping block today. While bears listen to break-up talk, skeptically viewing the social networks aging user base, bulls only have eyes for the customer. They hope that with over a billion active users, marketers wonโt abandon Facebook or Instagram anytime soon, and the stock can continue its bumper gains this year. Stocks are all about the money, so for Facebook to beat expectations of $2.01 in profit per share on $16.45 billion in revenue, those marketers will need to cough up!