Tough Earnings Week For Internets And Tesla Motors?
With Twitter in a new controversy and scratching a record closing low ahead of its quarterly report Wednesday, as LinkedIn stock hit a 3-year low after its Q4 report, the current week's earnings climate looks rough for Internet stocks. What about Facebook and Google owner Alphabet? See the video for which are highly rated and expectations for techs with earnings reports this week, along with details on Twitter's big weekend flap over the social network's plans.
Tesla Motors too is having a time, falling to a two-year low Friday. The S&P 500 index is down 8% this year and the stock market is in an uptrend under pressure. Monday opened down for several techs reporting this week, as well as the broader stock market indexes.
Yelp starts out the week with its Q4 after the close Monday, also Twenty-First Century Fox. Wednesday afternoon look for quarterly reports from big-cap Cisco Systems, Twitter and electric car maker Tesla Motors. China search giant Baidu may also report this week.
