In this video, I'll discuss the three stocks I'll be watching ahead of next week's earnings: Facebook (FB 2.33%), Twitter (TWTR +0.00%), and Teladoc (TDOC 0.78%). You can find the video below.
Last quarter it was all about the metaverse and how Mark Zuckerberg wants Facebook to become a metaverse company and not just a social media one. Rumors circulated this week that Facebook is looking to change its name, and may be taking a page out of Google's playbook when it changed its name to Alphabet back in 2015.
Last quarter Facebook was very careful with its outlook because of the year-over-year comps and ad targeting changes, mainly from iOS. So it will be interesting to see how big the impact was. And lastly, shareholders might want to get an update on the whole whistleblower situation. The resulting dip was in my opinion an opportunity to buy Facebook at a discount.
Just like with Facebook and Snap, Twitter's results will give me better insight into social media ad spending. Since I'm a holder of Pinterest (unless PayPal acquires it), that will be crucial info. Besides that, I'm curious to know how the new features on Twitter are doing. The last time we got some numbers regarding Super Follows, those weren't great. In the first two weeks of the launch, it generated just $6,000. The advertising targeting on Twitter is horrible compared to other platforms, so I'm curious to see how well the company has performed this quarter. Total revenue is expected to be between $1.22 billion and $1.3 billion.
Teladoc
As I wrote at the start of the month, a broken stock does not equal a broken company. I think it's about time the market stopped seeing Teladoc as just a COVID-19 play but as a major revolutionary upgrade to the current state of healthcare. Despite the stock being down 30% year to date, the company continues to grow each and every quarter. The company expects to grow revenue 78%, and total visits 23% year over year at the midpoint.
*Stock prices used were the closing prices of Oct. 20, 2021. The video was published on Oct. 21, 2021.
