Market Review 19-7

Market Review 19-7

Facebook Seen Rising 7% Short Term As Profits Jump

 

By Michael Kramer

 

Shares of Facebook Inc. (FB) are up nearly tenfold over the past five years, easily outpacing the S&P 500 return of just 66 percent. Facebook options traders are betting those gains will continue. They see the stock surging 7 percent to a new record high over the next two months – specifically by mid-September. Strong earnings and revenue growth along with a low valuation may be the driving forces behind the stock’s gain. Facebook reports quarterly results next week on July 25.

 

Traders’ bullish outlook may stem from what is expected to be a strong second-quarter earnings report. Analysts are looking for the company to say that earnings grew by 29 percent and revenue 44 percent. Analysts have upped their earnings estimates over the past month by about 1 percent, while revenue estimates have risen fractionally.

 

https://www.investopedia.com/news/facebook-seen-rising-7-short-term-profits-jump/

 

 

 

Gold Prices May Fall Further After Hitting One-Year Low

 

By Ilya Spivak

 

Gold prices sank as hawkish comments from Fed Chair Jerome Powell pushed the US Dollar higher, undermining the appeal of non-interest-bearing and anti-fiat assets. He argued that despite recent worries about trade tensions, the economy remains in good shape and the best path forward continues to be a gradual increase in interest rates.

 

https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2018/07/18/Gold-Prices-May-Fall-Further-After-Hitting-One-Year-Low.html

 

 

 

After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group

 

By Thomas Franck

 

  • Taking the average of analysts’ expected FANG returns, Wall Street expects the group will appreciate just 5.4 percent in price over the next 12 months.
  • That’s a far cry from the average return of 64.5 percent from the group the previous 12 months.
  • The average Wall Street analyst believes that Netflix shares will return 2 percent over the next year.

 

https://www.cnbc.com/2018/07/17/after-netflix-drop-heres-where-street-thinks-the-fang-trade-will-go.html

 

 

SAP SE earnings preview: what Wall Street is expecting

 

By Markets Insider

 

SAP SE will release earnings for the most recent quarter on July 19.

 

19 analysts are forecasting earnings of €0.986 per share as opposed to earnings of €0.940 per share in the same quarter of the previous year.

 

Wall Street is expecting €5.86 billion, an increase of 1.38% over the prior year quarter.

 

https://markets.businessinsider.com/news/stocks/sap-stock-quarter-earnings-preview-q2-1027374060

 

By Trefis Team & Great Speculations

 

SAP SE (NYSE:SAP), the Germany-based software giant, has been performing well over the last couple of years, with its stock gaining over 50% during this period. The company’s revenue has grown at a compounded rate of 11% annually over the last three years, driven by its strong foothold in the Enterprise Resource Planning and Supply Chain Management software markets.

 

We currently have a price estimate of $120 per share for SAP.

 

https://www.forbes.com/sites/greatspeculations/2018/07/16/how-will-saps-expansion-in-the-crm-space-impact-its-value-in-the-near-term/#1933bd0b4cb5

 

 

 

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