That's gotta hurt.
Posted on 07/26/2018 6:56:02 AM PDT by Red Badger
Here Are Three Hot Things to Know About Stocks Right Now
The Dow Jones Industrial Average rose early Thursday but the Nasdaq fell sharply after Facebook Inc. (FB) tumbled. Facebook dropped 18.3% after a revenue miss and after the social media giant pointed to slower growth rates. Advanced Micro Devices Inc. (AMD) rose 6.9% after the chipmaker swung to a profit in the second quarter and beat analysts' estimates.
Wall Street Overview
Stocks were mixed on Thursday, July 26, as investors reacted with caution to a rough agreement between the European Union and the United States to move toward the elimination of tariff barriers and as shares of Facebook Inc. (FB) took a beating after the company warned of slower growth.
Donald Trump called talks in Washington with European Commission President Jean-Claude Juncker a "breakthrough ... that nobody thought possible" after the pair agreed to work toward a zero-tariff trade relationship and reform the World Trade Organization.
The Dow Jones Industrial Average rose 147 points, or 0.58%, 25,561, the S&P 500 fell 0.28% and the Nasdaq tumbled 1.11% as Facebook plunged more than 18%.
Facebook's Plunge Spells More Pressure to Monetize Messenger and WhatsApp
Facebook, the social media giant, reported revenue that missed analysts' expectations for the first time since 2015, and pointed to slower growth.
Facebook Tanks on Revenue Miss, Though EPS Beats Estimates Ripple Effects of Facebook Slump Already Spreading
Facebook Chief Financial Officer Dave Wehner said he expects the company's annual revenue growth to decelerate at a high-single digit clip sequentially in both the third and fourth quarters. He also said efforts to grow and promote "certain engaging experiences like Stories that currently have lower levels of monetization" would have an impact.
Wehner also indicated that operating margins would trend toward the mid-30s on a percentage basis over the next few years.
Facebook is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB? Learn more now.
McDonald's Corp. (MCD) fell 0.7% after it reported adjusted earnings of $1.99 a share in the second quarter, beating estimates of $1.92. Revenue of $5.35 billion fell from $6.05 billion a year earlier. Analysts forecast revenue of $5.32 billion.
The hamburger chain said global same-store sales rose 4%, with U.S. growth of 2.6%. Analysts expected U.S. sales to rise 3%.
Comcast Corp. (CMCSA) posted stronger-than-expected second-quarter earnings Thursday even as America's biggest cable company lost tens of thousands of subscribers to its video service amid the ongoing "cord cutting" that continues to fragment the media industry. Shares rose 1.3%.
Under Armour Inc. (UAA) posted a second-quarter adjusted loss of 8 cents a share, matching estimates. Revenue of $1.17 billion topped analysts' forecasts of $1.15 billion. The stock rose 3.6%.
Raytheon Co. (RTN) earned $2.78 a share in the second quarter, topping forecasts of $2.34. Sales in the quarter of $6.6 billion edged out estimates. The stock, however, fell 3.7%.
Earnings are also expected Thursday after the closing bell from Amazon.com Inc. (AMZN) , Intel Corp. (INTC) , and Starbucks Corp. (SBUX) .
Amazon Reports Earnings on Thursday: 5 Key Things to Watch
Amazon, Comcast and Raytheon are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.
Advanced Micro Devices Inc. (AMD) swung to a profit in the second quarter and beat estimates, lifting shares 6.6% on Thursday.
AMD Tops Second-Quarter Estimates, Stock Jumps
Qualcomm Inc. (QCOM) topped fiscal third-quarter earnings expectations, and the chipmaker said it would walk away from its purchase of NXP Semiconductors NV (NXPI) . Qualcomm shares rose 5.3%.
Qualcomm Beats Earnings Expectations, Ends NXP Bid
PayPal Holdings Inc. (PYPL) beat earnings and revenue estimates in its second quarter, but the payments giant's revenue outlook for the third quarter fell slightly short of analysts' expectations. Shares fell 3.4%.
PayPal Shares Fall as Revenue Guidance Misses Expectations
PayPal is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells PYPL? Learn more now.
United Natural Foods Inc. UNFI said Thursday it would buy SuperValu Inc. SVU for $32.50 a share in cash, or about $2.9 billion. Supervalu shares xx
Everyone should drop this Facebook thing and social media in general. It has hurt us more than it’s done any good.
I would love to see Suckerberg crash and burn.
That's gotta hurt.
They need to shadow ban more conservatives!
That will fix it!
>>They need to shadow ban more conservatives!<<
The left’s rule about finding yourself in a hole:
Stop digging. Throw away the shovel. Bring in a freaking skiploader. Resume digging.
Seriously HUGE win. Hopefully MSNBC can cradle the DNC today and rock it while it cries itself to sleep.
Faceplantbook
It seems that, we the great unwashed, don’t like being told what we can and cannot say by some self appointed arbiters of what is proper.
Hitting them in the pocket gets their attention...
Enjoy the Suck!, Suckerberg ...
Just 3 weeks ago, people were finally able to deactivate/delete accounts.
I finally dawned on the wizards of wall street that some people have multiple accounts.
It’s also strange how the accounts of dead people couldn’t be deleted, Facebook is becoming more and more a bizarre graveyard.
Their little war on fake-news is a crock, too. I still see ESPN “news” links for outlandish things like Ronda Rousey dying and Lebron James being banned from basketball for using roids. Then when you click on it (which I only did once, now I hover my cursor over it just to see the URL), it’s an ad for supplements. It’s been going on for a few years, ESPN clearly doesn’t mind having their name used this way. They’re cash-strapped and declining, so they’re probably in on it.
After more than 24 hours, its not coming back on the dip.
Somebody knows something. Someone on Fox Business said they’d be buying at $160.
Tomorrow’s Friday. Friday is bad news dumping day.
We’ll see.
Man! Q’s posting up a storm!
That’s the second time I’ve commented on something (the first was the whole RR thing) where Q’s come back before I could press ‘Post’.
I was pretty sure FB was going to come back with a vengeance after what happened with the disclosure that FB had leaked all that personal data and the stock went up.
That it hasn’t means something massive is about to hit. I’m shocked the price hasn’t moved today. I take that to mean nobody is sure whatever it is that is about to hit will actually take down FB. I suspect tomorrow we’ll find out.
Enjoy the Schadenfreude!..........................
Even I know all FB requires is an email account.
Yahoo and Gmail give those out like candy.
2 billion individual users?
No way.
Can you imagine?
I mean, the price didn’t move at ALL after a 20% drop!
If this thing does collapse, it is going to be more violent than the Lehman Brothers collapse, or Bear Sterns.
Bear lost 50% in an hour, and sloughed the rest in four.
Consider the number of funds holding FANG stocks as ‘can’t lose’, AAA+, ‘prudent man rule’ hedges against volatility!
What’s the play here, if you’re the ‘plunge protection team’?
I want to see FB disappear. Literally go away.
However, the number of average blokes that are going to go down with this may be pretty massive.
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