Looking at Two Earnings Plays
I wish I had a dollar for every bad Facebook (FB) pun we hear today before and after the earnings report. The stock is getting hit hard on the basis of the Zynga (FB) results last night. Tonight we'll get a little more insight as to whether Zynga's issues were more company-specific or if it is an issue which Facebook has as well. I do have some worthless Zynga call spreads to carry into tomorrow as a memento to keep me warm as we wait for Facebook's results.
Correlations like the Facebook-Zynga one are made all the time. Another recent one is the disappointment from TripAdvisor (TRIP) and how it may foretell Expedia's (EXPE) results. Expedia is clinging to support here, and a loss of $44 could send shares down into the $38-$39 area on a measured basis. I would expect any upside surprise to get a reception similar Whole Foods Market's (WFM), in that the stock recovers a portion of recent losses....318 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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