Short Interest in Facebook Persists Ahead of Earnings

as informed in Facebook (FB) remains among the top-10 shorted stocks in America ahead of its earnings release. — Tim Seymour (@timseymour) October 29, 2018According to S3 Partners, a financial technology and analytics firm, Facebook has attracted $4.9 billion in short interest, bolstered by 2.9 million shorted shares in October alone. "This week the S&P 500 declined by 3.9% while the FAANG stocks declined by 4.7%, an 18% outperformance on the downside by the FAANG stocks which supports the theory that a significant amount of FAANG short interest is a hyper-charged Beta hedge for many portfolio managers," a report published on Monday reads. The most shorted stock in the U.S. remains Tesla (TSLA) , while FAANG compatriots Amazon (AMZN) , Apple (AAPL) and Netflix (NFLX) all retain a larger short interest than Facebook. Some see the tempered expectations for Facebook as still to high.

What to Watch When Facebook Reports Earnings

Facebook (FB) is set to report earnings after the bell Tuesday, Oct. 30. TheStreet's Annie Gaus--who covers tech--recently went through Facebook's Earnings Report on Tuesday: Here Are 3 Top Things to Watch For. Gaus writes that Facebook is down more than 30% since its July earnings report revealing slower-than-expected user growth and missed revenue targets. TheStreet's Martin Baccardax and Katherine Ross tackled these stocks and more in this week's Trading Strategies podcast below. Jim Cramer and the AAP team hold positions in Facebook and Apple for their Action Alerts PLUS Charitable Trust Portfolio.

After Wild Monday, GE Slashes Dividend, Facebook Earnings Loom

As it stated in Once some of the info tech stocks gave up their gains, the rest of the market appeared to follow. In earnings news this morning, General Electric probably didn't surprise too many people when it slashed its dividend to a penny a share from 12 cents, starting next year. The company also missed Wall Street analysts' Q3 estimates for earnings per share and revenue, and announced it will split its power business in two. CocaCola reported earnings and revenue that beat analysts' estimates, so that's a potential positive factor as the day begins. It's been a tough stretch for Facebook since it reported earnings at the end of July.

Facebook Beats on Earnings but Misses Revenue Estimates; Live Blog

Facebook Inc. (FB) reported mixed results for its third quarter on Tuesday after the close, sending shares down, then slightly higher after hours before falling again during the earnings call with analysts. Earnings per share came in at $1.76, ahead of consensus estimates of $1.46, but revenue of $13.73 billion slightly missed estimates of $13.77 billion. Daily average users came in at 1.49 billion, up 9% year over year and below a 1.51 billion consensus. Monthly average users were 2.27 billion, up 10% and below a 2.29 billion consensus. Shares were down about 2% after hours after the company discussed its spending plans and revenue outlook on its earnings call.

collected by :Roy Mark