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Netflix Reporting; Apple Thinking of Larger iPhones and iPads; Facebook Marks Milestone

Dan Berman
Hot Stock Minute
Netflix Reporting; Apple Thinking of Larger iPhones and iPads; Facebook Marks Milestone

Netflix (NFLX) reports earnings at 4:05pm. In case you've been hiding under a rock, Netflix is up 231% over the past year. But it's been making-up for a bunch of missteps. Things like a plan to split up the company and to toy with fees actually have the stock down 4% over the past two years. Just last week Netflix made history nabbing 14 Emmy nominations for its original programming like House of Cards and Arrested Development, putting it in contention with the major networks. Netflix is expected to post earnings of 40-cents a share up from 11-cents a year ago on revenue that now tops $1 billion. As they say in the business, stay tuned.

Apple (AAPL) reports earnings tomorrow, but is dominating headlines today with a wide array of reports. The Wall Street Journal says Apple is now testing larger screens for its iPhones and iPads. Separately, the company has taken down its site for developers, saying it was hacked. Earlier in the weekend, there were reports that Apple has been in ongoing talks with Samsung to end their patent disputes. Finally, there are reports the company has bought mapping program HopStop in an effort to bolster its mapping tools. Of course it was Apple's own map program which helped precipitate a downward spiral in the stock. Also of concern are slowing sales and a lack of new devices. Apple stock is down almost 30% from last year and 40% from its peak last September. Apple earnings are expected to be $7.31 a share down from $9.32 a year ago, but on revenue that has dipped ever so slightly.

Facebook (FB) reports its earnings on Wednesday. The company announced last night that its “Facebook For Every Phone” app now has 100-million monthly users. That's a small fraction of its desktop users but highlights the growing shift to mobile. By the way The New York Times reports that Facebook is now working on an app for bare bones cell phones. Facebook revenue is expected to be up more than a third since last year to about $1.62 billion dollars for the quarter. Earnings are likely to be up 2-cents a share to 14-cents. The stock has been up more than 5% over the last month, but is still down 8% year-to-date.

Six Flags (SIX) is reporting earnings later this morning. The report may be overshadowed by a tragedy at Six Flags Over Texas on Friday. A woman fell from a 14 story roller coaster called the Texas Giant. It's not clear how she got loose from her restraints. The ride had undergone a $10-million renovation two years ago. Six Flags stock has been up 15% year-to-date. It's up 36% over the past year.