The markets were mixed today as the Federal Reserve announced it would leave rates unchanged. Investors were mostly expecting this which moved the focus to earnings. After the close today will be an exciting one as three, widely focused on tech names are due to release results. The Dow 30 was higher by 58, the S&P 500 added 4, and the Nasdaq 100 lost 11 on the day.
Tesla (NASDAQ: TSLA) will be one of the big earnings stocks to watch after the close today as the company will release its much anticipated, third-quarter results. Comments on production delays will be on thing analysts will be looking for as the electric car maker only delivered 220 Model 3s during the quarter, which was much less than the CEO predicted they could produce. 1,500 Model 3's in September and up to 5,000 a week by the end of the year was the goal but comments from the CEO about "production hell" and "bottlenecks" last month have many wondering if there will be new projections promised. Shares have been under pressure and there is no doubt that the stock will be volatile in response to the results.
Facebook (NYSE: FB) is another name that will dominated financial media as they will also report their earnings. Analysts have expectations of $1.28 earnings per share on revenue of $9.84 billion. Analysts will also be tuned in to comments about how the company is addressing the Russia election issues and any plans to make its ad platform more transparent. Shares are quite positive on the year, hitting new highs today for the third time in the last 4 trading sessions.
GoPro (NASDAQ: GPRO) will also announce earnings this afternoon, and analysts say they are looking for excitement on the company's product offerings for the current holiday quarter. Forward guidance and 2018 sales outlook have been mentioned as key metrics following GoPro's launch of its Hero6 at $499.99, on sale now, and its Fusion 360 camera, which begins shipping this month. As for earnings the street is looking for a profit of 2 cents a share on revenue of $313.9 million. The stock's has done well in recent months but history suggests a miss on earnings could cause a large, adverse move.