Trading Facebook Earnings | July 29 Trading Game Plan

There is plenty of opportunity to trade stocks with confidence in this market, if you are doing your homework. If you’re just watching the indices from day-to-day, you are probably pulling your hair out by now.

On Monday we called for a lower opening to buy after four days of selling. The market held the bid but we didn’t get the buying until the next day (yesterday).  As of right now the SPY is smack in the middle of 2015 with no edge at all. I will be looking to sell a higher opening when we trade below the open price.

With the FOMC rate decision today and trading Facebook earnings on the agenda, we should have a stock specific market again today.

July 29 Stock Market Today: Map of the S&P 500

(click the map for a full view)

trading facebook earnings

Day Trading Game Plan: The SPY ETF Chart

The SPY is setting up a higher open to sell-short today. For those trading these ETFs or e-mini futures you are forced to drop down to day-to-day action as the long term picture is a 7 month trading range.

(click the chart for a full view)

trading facebook earnings

Stocks to Trade | Wednesday July 29, 2015

Pete’s Notes:

  • Have to admit I didn’t expect a trend day yesterday. Was a pleasant surprise.
  • SPY 20ema and 50SMA on the daily chart are sideways. no edge there. Be stock specific.

Facebook, Inc.

FB Facebook is the leader in the sector and showing perfect bull flag as it hover just beneath the $100 level. Expectations are high heading into earnings after the close today. TWTR got hit with selling after the close yesterday reporting a subscriber slow down. Trading Facebook earnings will be the play of the afternoon.

(click the chart for a full view)

trading facebook earnings

Earnings in play today > 1M avg shares:  FB, MO, BAX, MA, GT, WMB, MET, WFM, GSK, HES, MUR, IP, WDC, ETN, ADT, AEM, WYNN, LRCX, LVLT, SCTY, GD, GRMN, NOC, LNC, HUM, SKX

Bullish Ideas ATR/Volume/Price: FIT, AMZN, GOOG, GOOGL, HZNP, GPRO, CELG, NFLX, TSO, UA, WBA, AGN, ALXN, MBLY, FB, NKE, ACN,

Bearish Ideas ATR/Volume/Price: uri, sina, apa, bidu, utx, eog, rrc, car, cat, cvx, slb, mmm, baba

Weak Stock Weak Close: bidu, rax

Strong Stock Weak Close: AMZN, AMBA, ZTS

Weak Stock Strong Close: atw, eog, clr, pxd, apa, swft, apc, rrc, csiq, cat, mur, cop, epd, nov, oxy, emr, oke, fti, dd

Strong Stock Strong Close: DEPO, FIT, TE, HZNP, CELG, MO, WBA, AGN, ALXN, JBLU, CVS, CVC, PFE, NKE, NLSN, ABBV, ESRX, CCL

20 day Breakdown: bidu, cof, dfs, grub, holx, tyc

20 Day Breakout: AMGN, PFE, EMS, MAS, CDNS, RAI, P, UPS, HIG, CL, AGN, WM

2x Normal Volume: BIDU, GRUB, DTV, TEVA, CDNS, MAS, CAT, AMGN, WLL, TYC, COF, ALLY, JD, DHI, UPS, DD, JOY, EXC, CNQ, APA, HIG, COP, TWTR, JCI, STLD

Watch List Longs: MO, AMGN, TRV, TWC, CVS, PM, COST, DIS, ABT, EBAY, JNPR, C, INTU

Watch List Short: cop, cof, cvx, axp, bby, kss, dow, orcl, ntap, vz, hpq

Inside days: t, ma, axp, pep, cam, cbs, tmus, ea, ci, aem, trip, kors, cien, amtd, cb, goog, googl, twc, hrb, chtr, gmcr

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Trading Facebook Earnings | July 29 Trading Game Plan

Facebook earnings: Expectations are high

SAN FRANCISCO — Facebook’s mobile business is growing at such a heady clip that it has some competitors gasping to keep up.

So it should come as no surprise that Wall Street is anticipating good things from the Menlo Park, Calif., company when it reports second-quarter financial results after the close of trading Wednesday.

The world’s largest social network reported in April that nearly three-quarters of its advertising revenue and most of its 1.44 billion users hail from smartphones and other mobile devices. And Cantor Fitzgerald analyst Youssef Squali said he believes Facebook’s mobile ad revenue amounted to 75% of total ad sales in the second quarter.

In addition to extending its dominance on mobile devices, Facebook has other promising levers it has begun to push: Advertising on photo-and-video sharing app Instagram and video advertising on Facebook. Analysts said they are hoping for details from Facebook management on both of those, though they are unlikely to get it.

“Our thesis is that while people are uniformly positive on the company and its prospects, we think even short term the company will do better than people realize,” SunTrust Robinson Humphrey analyst Robert Peck said in an interview. Peck rates Facebook a “buy” with a $125 price target.

Facebook FB shares are up 22% for the year, closing Tuesday at $95.29.

The only knock on Facebook? Rising expenses.

Continue reading on usatoday.com

Investors Are Bullish on Facebook Ahead of Earnings Report

Shares in the social media company, which reports its earnings on July 29, are up 20% for 2015.

Investors in social media shares have zeroed-in on Facebook FB 2.31% piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings.

Facebook escaped a rout in social media stocks after last quarter’s results and its shares are up about 20% this year. The stock and a handful of other winners account for the bulk of the S&P 500’s SPX 1.24% gains this year.

The ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than $260 billion – surpassing decades-old companies like Wal-Mart WMT 1.01% and Procter & Gamble PG 0.33% .

Traders in the options market are betting on more gains for the stock after it reports results Wednesday.

“Facebook is definitely the standout leader in the group,” said Adam Sarhan, chief executive of Sarhan Capital

Continue reading on time.com/money

What to watch for in Facebook’s earnings

Facebook Inc. is set to report second-quarter earnings after the market close on Wednesday.

The social-media giant has improved its advertising prowess over the past year, especially in the lucrative video ads market. Analysts expect video to drive strong quarterly results this quarter.

“The dramatic rise in its ad click-through-rates throughout the last 12 months bodes well” for Facebook FB, +1.19% said Stifel analyst Scott Devitt, especially regarding its ability to attract a greater share of global advertising budgets.

Here’s what to expect:

Earnings: Wall Street analysts expect Facebook to report earnings of 47 cents a share, up from 42 cents a share in the year-earlier period, according to FactSet. Estimize, a software platform that uses crowdsourcing to compile earnings estimates from hedge-fund executives, brokerages, sell-side and buy-side analysts, has a more optimistic 49 cents a share.

Revenue: Sell-side analysts expect Facebook to report revenue of $4 billion, according to FactSet, up from $2.9 billion in the same period last year. Contributors on Estimize are forecasting revenue of $4.03 billion.

Stock reaction: Shares of Facebook have gained more than 18% over the last three months. On Monday, Raymond James raised its price target on the stock to $110 from $90 and maintained an outperform rating. Also Monday, Cantor Fitzgerald reiterated a buy rating and $100 target on the stock, Stifel maintained a buy rating and $95 target, and Bank of America reiterated a buy rating and $105 target.

The average rating and target among a poll of more than 45 analysts surveyed by FactSet is buy and $99.62.

Continue reading on marketwatch.com

 

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