Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Trinity Investments Limited – First Earnings Calls for 2019 – BABA, FB, TSLA and MSFTMarquee mega-cap tech names face their moment of truth on Wednesday.
Investors have been paying close attention to Facebook as the social media giant grapples with a flurry of privacy and misinformation scandals. As the company takes the hot seat on Wednesday, Wall Street remains mixed in terms of outlook. "We continue to like the Facebook secular ad share gain story, as we see the company as one of the key beneficiaries of the offline-to-online digital ad shift …though we acknowledge the near-to-intermediate- Electric carmaker Tesla had a strong Q3 as the company turned around profit for the first time in its 8-year history as a public company, but Wall Street doesn't predict a repeat in Q4. "Q3 was a big quarter for Tesla as results surpassed even our street-high estimates, but Q4, [and] 2019 will likely be disappointing as Model 3 pricing [and] production volume may fall short of expectations," Despite the bleak outlook among analysts going into Tesla's earnings report, Trinity remains bullish on the stock in 2019. "We believe Model 3 demand, production, and margin are the primary drivers of stock performance in 2019, but that numerous additional variables will be increasingly important to investor dialogue starting with this quarter," the firm explained in a note on Monday. Some other big names reporting on Wednesday include Anthem, AT&T, Boeing, McDonald's, and Royal Caribbean before the market open. Mondelez, PayPal, U.S. Steel, Visa and Wynn Resorts will report after market close. In addition, the Federal Reserve wraps up its two-day meeting on Wednesday. Fed Chair Jerome Powell will deliver a press conference at 2:30 p.m. ET following the meeting to announce whether or not the central bank will be raising interest rates from 2.25% to 2.50%. To find out more information on the opportunities Trinity Investments Limited see's within the US markets in 2019, contact us today at info@trinity- End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|