- Barrons.com•5 hours ago
Wall Street analysts do a good job of estimating earnings and revenue a few quarters down the line, says John Wilson, managing director and senior equity portfolio manager of Columbia Threadneedle, and manager of the $3.4 billion Columbia Large Cap Growth fund. Facebook (FB) is a case in point. While the consensus opinion of the 49 Wall Street analysts who follow the stock is based on Facebook’s ability to bring in ad revenue from the main Facebook site and Instagram, he thinks the crowd is overlooking the company’s potential to generate significant sums from the messaging platforms, Messenger and WhatsApp.
- Reuters•6 hours ago
A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam. With second-quarter reporting season kicking into high gear, scorecards from Apple (AAPL.O), Alphabet (GOOGL.O), Amazon.com (AMZN.O) and Facebook (FB.O) will be front and center for investors eyeing the S&P 500's already-stretched valuation following a nearly 9-percent rally since June 27. "These are very widely owned companies by institutional investors and there could be selling if the news is bad," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
After hours: 121.000.00 (0.00%) as of 7:58 PM EDT
|Bid||121.00 x 400|
|Ask||121.13 x 500|
|52wk Range||72.00 - 122.20|
|Day's Range||119.31 - 121.00|
|Avg Vol (3m)||22,199,888|
As of 4:00 PM EDT. Market closed.