Diamonds and Dogs
Two tech stocks look good. Apple (AAPL) is trading up 1.5% not far from all-time highs while Facebook (FB) is up 7% following earnings. Both easily beat expectations as the earnings and cash keep flooding in. Facebook estimates that around 2.2 billion people use their Facebook, Instagram, WhatsApp, and or Messenger every day. Apple raised guidance for the current quarter as the iPhone 11 is now their best-selling iPhone. Plenty of upgrades for both stocks with price targets as high as $300 for Apple and $270 for Facebook.
Twilio (TWLO) taking a hit. The software and cloud-based firm is down 10% after lowering earnings guidance. The company is taking a $5M billing error calling it an accounting mistake. Twilio also may be also experiencing slowing growth from its top customers. Twilio continues to grow sales at a healthy clip, but limited profits with a stock trading for 300 times earnings. Not much room for earnings misses.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.