Diamonds and Dogs
Two tech stocks look good. Apple (AAPL) is trading up 1.5% not far from all-time highs while Facebook (FB) is up 7% following earnings. Both easily beat expectations as the earnings and cash keep flooding in. Facebook estimates that around 2.2 billion people use their Facebook, Instagram, WhatsApp, and or Messenger every day. Apple raised guidance for the current quarter as the iPhone 11 is now their best-selling iPhone. Plenty of upgrades for both stocks with price targets as high as $300 for Apple and $270 for Facebook.
Twilio (TWLO) taking a hit. The software and cloud-based firm is down 10% after lowering earnings guidance. The company is taking a $5M billing error calling it an accounting mistake. Twilio also may be also experiencing slowing growth from its top customers. Twilio continues to grow sales at a healthy clip, but limited profits with a stock trading for 300 times earnings. Not much room for earnings misses.