Scalper1 News
More earnings reports from big-name companies are due out this week, and positive results could fuel their shares higher. A lot of attention will be on Apple ’s ( AAPL ) earnings late Tuesday, but its stock is in a downtrend. Let’s take a look at four tech stocks with earnings on tap that are trading in or near buy range: Facebook ( FB ), Amazon ( AMZN ), PayPal ( PYPL ) and Baidu ( BIDU ). Facebook reports after the close on Wednesday. Both earnings and revenue are projected to jump 48%. The social media leader is trading 6% below a cup-with-handle buy point at 117.09, and shares are looking to find support at the 50-day moving average again on the stock market today as they dip 0.8% intraday. PayPal also reports late Wednesday, with analysts expecting earnings growth of 20% on a revenue rise of 19%. PayPal is trading just below buy range from an alternate entry at 40.03, and the stock was off 1.3% Monday. It’s also trading 6% below its all-time high as it works on a larger consolidation pattern. Amazon reports after the close on Thursday. Revenue is expected to climb 23%, while the bottom line is projected to swing to a profit of 58 cents a share vs. a 12-cent loss last year. Amazon is still trading in buy range from a cup-with-handle base buy point of 603.34, which it initially broke out of two weeks ago. Shares are currently 11% below their high reached in late December, and they dipped 0.2% Monday. China Internet giant Baidu reports after the close on Thursday as well, with the bottom line projected to fall 10%. Baidu is trading 15% below its 52-week high. Shares have drifted back below a cup-with-handle buy point, but positive results could send shares back within buy range. Baidu was down 1.6% in intraday trade. Meanwhile, Apple is trading 22% below its all-time high reached a year ago and is nearing its downward-sloping 50-day line. Scalper1 News
Scalper1 News