Facebook Inc (FB) & Google Inc (GOOGL) Will Keep Dominating the Market: Dan Nathan

0

Facebook Inc (NASDAQ:FB) will report its second-quarter results after the market closes on Wednesday. Based on its performance in the first quarter and market trends, experts are predicting that Facebook Inc (NASDAQ:FB) will report a revenue of $2.8 billion, up 55% from $1.81 billion in the year-ago period. Google Inc (NASDAQ:GOOGL) on the other hand is performing excellent in the market these days. Google reported its earnings on Thursday and exceeded all the expectations. The Mountain View reported earnings of $6.08 per share, excluding one-time items, on revenue of $15.96 billion. Analysts were expecting around $15.62 billion revenue by Google Inc (NASDAQ:GOOGL).

Priceline Group Inc (NASDAQ:PCLN), Facebook Inc (NASDAQ:FB) , LinkedIn Corp (NYSE:LNKD), Twitter Inc (NYSE:TWTR)

Discussing Google and Facebook Inc (NASDAQ:FB) stocks in a program on CNBC, Co-Founder and Editor of RiskReversal.com, Dan Nathan, said that Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) will keep this uptrend in the market. He also said that Facebook’s stock is good for trade in August because of good expectations from the company earnings and trends. Nathan said:

“If you are a trader and you are looking at the momentum of the market, you are looking at the way we shrugged off news yesterday. You’d much rather bet that the momentum is going to continue that these guys are going to hold these massive uptrends that they’ve been in for over a year. Facebook Inc (NASDAQ:FB), like I said, is up a 150% in the last year, and you’d rather play for a new high with an event coming up than kind of a retracement back to the trend line, at least in this market environment.”

Nathan said that he wouldn’t buy Facebook Inc (NASDAQ:FB) stock floating right now, but he can go for the option of buying Facebook Inc’s (NASDAQ:FB) August stock expectation with 62/72.50/80 call butterfly for $2.25.

Disclosure: None

Suggested Articles:

Most Expensive Countries In the World

Most Expensive Mobile Phones In the Market

Share.