U.S. stocks fell into trouble once again on Tuesday because the technology sector has been rising. Due to the inadequacy of data found by external political groups and the government’s investigation into the company’s practices, Facebook (FB)’s share price fell by 4%, with a drop of nearly 7% on Monday.
The Twitter Corporation (TWTR) has been criticized by the Israeli government for security issues.
All this is due to investors overcrowding investors in this area, hedge funds and retail traders are equally guilty, resulting in a large number of inflows into the group in recent weeks.
As the panic selling led to profit-taking and eager to withdraw, it sparked a ghost of disorderly relaxation.
The FB share price has fallen below the 200-day moving average and this level has not been affected since January 2017. The stock price has not yet returned to their first level reached last summer, because the stock price has already faced some negative headlines, including the political weaponization of charges, the departure of the Chief Security Officer, and now reports that the Federal Trade Commission has begun investigating the company’s use of personal data.
When the company’s last announced result was January 21, the revenue per share of $2.21 was more than the estimated 24 cents, and revenue increased by 47.3%. The company will be the next report after the end of May 2. Analysts expect earnings per share of $1.35 and revenue of $11.4 billion.
After Bloomberg reported that Israel was considering launching sanctions on the company, TWTR’s share price fell by more than 10%.
The company not only deals with these specific headlines, but also sees an immediate concern that more stringent regulations are coming soon. It is expected that FB officials will brief the committees on Wednesday.
The company will announce its next performance report on April 25. Analysts are seeking 11 cents per share for revenue of $66.3 million. When the company last reported on February 8, its earnings per share was 19 cents, a 2% increase over revenue, which was 5 cents higher.
The shares of Tesla (TSLA) are about to split into multiple months of consolidation due to the company’s production difficulties, administrative departures and new problems in the future of self-driving cars after self-driving cars killing pedestrians.
Goldman Sachs analysts reiterated a sell-off rating on output and Q1 delivery concerns in a recent report.
The company will announce its next performance after May 2nd. Analysts are looking for a loss of $3.22 per share and revenue of $3.6 billion. When the company last reported on February 7, its loss per share was 3.04 US dollars, which was 11 cents higher than expected and its revenue increased by 43.9%.
Oracle (ORCL) shares fell nearly 9% due to good quarterly results due to weak outlook guidance. Quarterly revenue rose 20% from last year to 83 cents per share, and revenue increased by 5.4%. Cloud revenue increased 32% to $1.6 billion.
Why is the stock falling? Because the income beat is driven by a lower tax rate. In addition, analysts appear to be disappointed with cloud income and guidance during the earnings conference call.
In addition, the company is concerned that the company is waiting too long to meet the cloud computing, and that companies such as Amazon.com (AMZN) and Microsoft (MSFT) will lead early and prevent customers from changing platforms.