Facebook-Here are five things you must know for Thursday, July 27:
1. -- U.S. stock futures were pointing to gains on Wall Street after Facebook Inc. ( FB) shares jumped and investors on Thursday, July 27, looked push the major stock indexes to further records.
Stocks in the U.S. notched new records with modest gains on Wednesday, July 26, after the Federal Reserve tiptoed the line between hawk and dove.
The S&P 500 added 0.03% to 2,477 on Wednesday, the Dow Jones Industrial Average gained 0.45% to 21,711, and the Nasdaq climbed 0.16% to 6,422. The S&P 500 and Nasdaq were at records for their second day in a row.
The Fed on Wednesday left interest rates unchanged and said it would implement changes to its balance sheet "relatively soon" provided the economy expands as expected. Previous language in the Fed's statement had said those changes would come this year.
The economic calendar in the U.S. on Thursday includes Durable Goods Orders for June at 8:30 a.m. ET, International Trade in Goods for June at 8:30 a.m., and weekly Jobless Claims at 8:30 a.m.
2. -- Facebook shares rose 4.4% in premarket trading on Thursday after the social media giant reported second-quarter earnings and sales that topped Wall Street expectations.
Facebook earned $1.32 a share in the quarter, surpassing estimates of $1.12. Revenue was $9.32 billion, which exceeded Wall Street estimates of $9.2 billion.
Advertising revenue jumped 47% from a year earlier to $9.16 billion, easily beating projections of $9.02 billion. Mobile ad revenue made up 87% of Facebook's total ad revenue during the second quarter, up from 84% a year earlier.
Facebook's Strong Earnings Prove Its Ad Business Is Booming
Facebook Just Gave A Glimpse Into One of Its Big New Business Areas
The company reported 1.32 billion daily active users during the quarter and said it had just more than 2 billion monthly active users for the first time ever, which was more than analysts expected.
Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB? Learn more now .
Facebook crushed it, again.
Facebook crushed it, again.
"Overall, we view this as a great quarter for Facebook," said Cramer and the AAP team. "The company continues to over-deliver on the lofty expectations set by investors, even with the company continuing to spend to grow in scale."
3. -- Comcast Corp. (CMCSA) reported second-quarter adjusted earnings of 52 cents a share, topping analysts' forecasts by 4 cents. Revenue rose 9.8% to $21.17 billion and also beat forecasts.
And so we are told this is the golden age
And gold is the reason for the wars we wage U2
