Snap and Disney report earnings after the bell Tuesday and both companies have a lot to talk about. Chris Versace, Chief Investment Officer at Tematica Research and John Petrides, Managing Director & Portfolio Manager at Point View Wealth Management join The Long and The Short to discuss what they expect from each company's call.
The main aspect Snap investors will be looking at is active user growth and revenue per user. Spiegel has said in the past that this company may never be profitable, so what number does it have to hit in order to keep investors interested in its future? Petrides is unsure if Snap will get to the point where it can call itself a successful company.
Plus, Disney reporting earnings for the first time since announcing its acquisition of 21st Century Fox. Will that be the main focus of the call? In the past, investors have been worried about subscriber loss within its ESPN property, but this purchase could overshadow that. Ives said a lot of time will be spent asking CEO Bob Iger about the future of its new streaming platform and how it sees the integration of movies from 21st Century Fox.
Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries for medications.
The new Pixel 8 smartphone released this week by Google includes an AI photo editing software that will allow users to change the expression of a person in pictures.
Earlier this month, the completely solar-powered car completed a journey across Morocco. The car was designed by students at the University of Technology in the Netherlands and the vehicle traveled over 600 miles just on solar power. It was dubbed a world first for an off-road solar-powered vehicle.
The Commerce Department on Tuesday updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them.
