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The Zacks Analyst Blog Highlights: Microsoft, Facebook, Twitter, Yandex and AVX

For Immediate Release

Chicago, IL –July 26, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft MSFT, Facebook FB, Twitter TWTR, Yandex YNDX and AVX Corporation AVX.

Here are highlights from Thursday’s Analyst Blog:

Tech Stocks Earnings Lineup for July 26: TWTR, YNDX, AVX

Technology stocks are anticipated to see a sluggish second-quarter 2019, primarily due to softness in the semiconductor space from declining memory prices (both DRAM and NAND) and lower demand from smartphone OEMs. Moreover, tariffs on electronics due to the U.S.-China trade war negatively impacted demand for chips.

Additionally, the suspension of shipments to Huawei due to the export ban imposed by the U.S. government hurt Xilinx’s top-line growth. The chip-maker provided a weaker-than-expected outlook for second-quarter fiscal 2020 due to the ban and other trade-related uncertainties.

However, robust earnings and better-than-expected guidance from Texas Instruments and Teradyne reflect improving demand for chips in the second half of 2019.

Microsoft, Facebook, Snap Beat Expectations

Microsoft reported blockbuster fourth-quarter fiscal 2019 earnings results, with Azure revenues surging 64% from the year-ago quarter.

Social-media giant Facebook also reported solid second-quarter 2019 results, with continued user base growth amid increasing regulatory concerns related to privacy issues and cryptocurrency, Libra.

Snapchat-parent Snap also witnessed a terrific second-quarter 2019, as loss narrowed on a year-over-year basis and daily active users grew 13 million sequentially.

Nevertheless, weakness in semiconductor remains a headwind. Further, weak server market growth due to lower demand from enterprise buyers and hyperscale companies, and sluggish China market are major concerns.

Let’s take a sneak peek into three technology companies that are set to report quarterly earnings on Jul 26:

San Francisco, CA-based Twitter is likely to benefit from its efforts to add features, which aim at improving user experience. Focus on making the platform more conversational must have helped the company expand the monetized user base in the second quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

However, Twitter is unlikely to deliver a positive earnings surprise because it has an Earnings ESP of 0.00% and a Zacks Rank #2 (Buy).

According to the Zacks model, only a company with a Zacks Rank #1, 2 or 3 (Hold) has a good chance of beating estimates, if it also has a positive Earnings ESP. Meanwhile, Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.

The Zacks Consensus Estimate for earnings has been steady at 18 cents over the past 30 days. (Read More: Twitter to Report Q2 Earnings: What's in the Cards?)

Meanwhile, Yandex’s second-quarter 2019 results are expected to benefit from increasing share in the Russian search market. The company’s solid momentum across Taxi, Classifieds and Experiments segments are expected to drive advertising revenues in the to-be-reported quarter.

However, this Sciphol, Netherlands-based company has an unfavorable combination of a Zacks Rank #1 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The consensus mark for second-quarter earnings has been steady at 26 cents over the past 30 days.

Fountain Inn, SC-based AVX Corporation’s first-quarter fiscal 2020 results are expected to be negatively impacted by continuous inventory build in the supply chain for commodity products along with weak consumer market in China.

Moreover, AVX has a Zacks Rank #5.  

Notably, the Zacks Consensus Estimate for first-quarter fiscal 2020 earnings has declined 9.1% to 30 cents over the past 30 days.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Yandex N.V. (YNDX): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Twitter, Inc. (TWTR): Free Stock Analysis Report
 
Microsoft Corporation (MSFT): Free Stock Analysis Report
 
AVX Corporation (AVX): Free Stock Analysis Report
 
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