Advertisement
Canada markets open in 2 hours 13 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7359
    -0.0014 (-0.18%)
     
  • CRUDE OIL

    82.25
    +0.90 (+1.11%)
     
  • Bitcoin CAD

    96,162.65
    +782.79 (+0.82%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,230.40
    +17.70 (+0.80%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,500.75
    -3.00 (-0.02%)
     
  • VOLATILITY

    13.00
    +0.22 (+1.72%)
     
  • FTSE

    7,953.57
    +21.59 (+0.27%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6815
    +0.0010 (+0.15%)
     

Facebook Down Before Earnings But Gets 2 PT Hikes

Despite two price target hikes on Monday, Facebook is trading lower ahead of its earnings report after the close on Wednesday. SunTrust Robinson Humphrey raised its target from 100 to 125, while Raymond James boosted its target from 90 to 110. Facebook shares are currently trading around 95. Facebook sank in heavy volume in the stock market today, erasing all of last week's gains. But the stock is still extended from an 86.17 flat base buy point, which it initially cleared in late June. It's currently trading about 4% below last Tuesday's high of 99.24. The social networking giant's earnings are projected to rise 12%, which would mark a second straight quarter of decelerating bottom-line growth. Twitter is set to report its earnings after the close on Tuesday. The company is projected to see EPS jump 100%, slower than last quarter's 600% growth. Twitter fell in quick turnover Monday, hitting its lowest level in a month. The stock has been struggling since the company plunged on its last quarterly report, as it looks for new leadership. And LinkedIn also plunged on its Q1 report. It has tried to make back some of those losses, and attempted to retake the 200-day line last week. It's currently trading about 21% below a 276.18 buy point. LinkedIn reports after the close on Thursday. The bottom line is estimated to shrink 41%.