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What we are watching this week 👀
Uber (UBER): Analysts expect the ride-hailing service to report revenue of $8.11billion today - an increase of 70% from a year ago. They also expect to see slower growth in its food-delivery business now that the pandemic boom is over. We will be watching to see if this stock delivers or underperforms.
Paypal (PYPL): This year, Paypal has been sailing through rough waters with the payment platform down more than 50%. The payment giant projects revenue of $6.8billion this Q3 - a 10% growth from this time last year. We will be watching to see the company’s plans for growth at its earnings call this Thursday.
Qualcomm (QCOM): The semiconductor industry has suffered this year and Qualcomm was not excluded. The company’s shares are down more than 40% this year. With the high inflation and supply chain challenges, analysts are not certain Qualcomm will meet earnings expectations when it reports this Wednesday. Analysts are expecting a revenue of $11.38billion - up 21.9% from last year and quarterly earnings of $3.15 per share. We will be watching this stock to see if it meets expectations.
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The above reflects the opinions of only the writers who are associated persons of Bamboo Systems & Technologies Ltd. and do not reflect the views of Bamboo Systems & Technologies Ltd. or any of its subsidiaries or affiliates. They are meant for informational purposes only. They are also not research reports. The third-party information provided therein does not reflect the views of Bamboo Systems & Technologies Ltd., or any of its subsidiaries or affiliates. All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. The price of a given security may increase or decrease based on market conditions and customers may lose money, including their original investment.