There are over 600 companies reporting this week, including over 30% of the S&P 500.
Included in that group is most of the FAANG names, including Facebook, Amazon and Alphabet.
But some of the FAANG Jr stocks, such as Twitter and Snap, will also be reporting.
As a group, FAANG and the social media stocks aren’t exactly known for their stellar earnings beat records. Investors have shrugged off misses by Alphabet and Amazon for years though.
And while the stocks have mostly rebounded off of late 2018 lows, most haven’t broken out to new highs as others have in more mundane industries like railroads and the industrials.
What’s that about? Have the FAANG stocks lost their luster?
Or is this just a pause before the breakout resumes?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The FAANG and FAANG Junior Stocks to Watch This Week” data-reactid=”20″>The FAANG and FAANG Junior Stocks to Watch This Week
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="1. Twitter TWTR has a great earnings track record. It hasn’t missed since 2015. While shares are down off their 2018 highs, the shares didn’t see as big of a sell off in the December doom as other social media names. Are these shares undervalued?” data-reactid=”21″>1. Twitter TWTR has a great earnings track record. It hasn’t missed since 2015. While shares are down off their 2018 highs, the shares didn’t see as big of a sell off in the December doom as other social media names. Are these shares undervalued?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="2. Snap SNAP was left for dead in the December 2018 doom as shares hit a post 2017 IPO low. But they’ve really rallied from there, up 109% year-to-date. Is there anything still left in the tank?” data-reactid=”22″>2. Snap SNAP was left for dead in the December 2018 doom as shares hit a post 2017 IPO low. But they’ve really rallied from there, up 109% year-to-date. Is there anything still left in the tank?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="3. Facebook FB has only missed once since 2016. With the bad publicity hurting shares in 2018, it finally bounced off the December lows and is up 38% year-to-date. Is the worst behind the company?” data-reactid=”23″>3. Facebook FB has only missed once since 2016. With the bad publicity hurting shares in 2018, it finally bounced off the December lows and is up 38% year-to-date. Is the worst behind the company?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="4. Amazon AMZN has beat on earnings 6 quarters in a row. For a company that doesn’t care about the miss/beat, that is impressive. Shares are up 22% year-to-date but is a breakout still to come?” data-reactid=”24″>4. Amazon AMZN has beat on earnings 6 quarters in a row. For a company that doesn’t care about the miss/beat, that is impressive. Shares are up 22% year-to-date but is a breakout still to come?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="5. Alphabet GOOGL has strung together 4 beats in a row. Out of all of the FAANG stocks, Alphabet has the worst earnings surprise track record. But is it showing a new leaf with all of these beats? ” data-reactid=”25″>5. Alphabet GOOGL has strung together 4 beats in a row. Out of all of the FAANG stocks, Alphabet has the worst earnings surprise track record. But is it showing a new leaf with all of these beats?
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="[In full disclosure, the author of this article owns shares of FB, AMZN and GOOGL in her personal portfolio.]” data-reactid=”26″>[In full disclosure, the author of this article owns shares of FB, AMZN and GOOGL in her personal portfolio.]
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Is Your Investment Advisor Fumbling Your Financial Future?
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Facebook, Inc. (FB) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Twitter, Inc. (TWTR) : Free Stock Analysis Report
Snap Inc. (SNAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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