Upcoming Facebook Earnings - A Nonevent Long-Term

Noah Kiedrowski - INO.com Contributor - Biotech

Upcoming Earnings

Facebook Inc. (NASDAQ:FB) is due to announce earnings on July 26th after the market closes. Facebook tends to be volatile after earnings are announced and typically pop to the upside as Facebook’s earnings have continued to post robust growth. Back on June 2nd, 2017, I authored an article “Facebook Will Hit $175 By Year End” and with five more months to go before the end of the year, I think Facebook has a good chance of breaking through this number. Facebook has been on an uptrend heading into earnings and currently sits at $160 per share and while the stock is up 39% YTD. These numbers may seem staggering, and some would state that buying at these levels would be cashing the stock. Normally I would agree with this approach. However, I think Facebook is an exception to this situation. Even at these levels and YTD appreciation, factoring in Facebook’s projected growth with tech comparators such as Alphabet Inc. (NASDAQ:GOOG), Netflix Inc. (NASDAQ:NFLX) and Amazon.com (NASDAQ:AMZN), collectively known as the FANG stocks, Facebook is superior with a lower risk profile. Facebook’s projected growth is greater than Google’s and just shy of Amazon’s yet has a P/E ratio that’s lower than Google’s and a fraction of Amazon’s and Netflix’s. Regardless of the upcoming earnings announcement, this will be an immaterial event to the long term narrative for Facebook investors. I feel that Facebook represents value even after this massive run YTD and continue my long thesis. Continue reading "Upcoming Facebook Earnings - A Nonevent Long-Term"

Gold's Next Big Move

Hello MarketClub members everywhere. Good to be back, I was away visiting family and unfortunately I picked up a really bad cold. I'm sure you had times like this yourself when you just feel lethargic and don't feel like doing anything. Well, that was then and this is now so let's get the show on the road.

MarketClub's Mid-day Market Report

In today's video update, I'm going to be analyzing gold (FOREX:XAUUSDO) and I am going to be share with you something that I noticed that has been 100% accurate this year in gold, I'm sure you'll find it interesting.

Of course, I will be covering the other markets and the choppy action we are seeing in most of the major indices. A great deal of this indecisive market action I believe has to do with the general uncertainty that's pervasive in the US right now. The main culprit is the upcoming presidential election which is less than 30 days away.

I will also be taking a look at Amazon.com (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL). Both the stocks look very interesting particularly as Amazon reentered the music market today. Amazon is tying music subscriptions both to its Prime accounts as well as ECHO its Alexa-driven knowledge machine both could, in fact, catch the imagination of many Amazon Prime ECHO users.

Stay focused and disciplined.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Chart to Watch - AMZN

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Amazon.com Inc. (AMZN).

I hope you are having a GREAT week !!!

This week AMZN looks like a great chart to take a look at.

MarketClub put in a weekly and monthly red Trade Triangle, as AMZN was breaking out to the down side of a sideways channel. Continue reading "Chart to Watch - AMZN"