Facebook and Tesla lead the releasesThe FOMC has come and gone but another slew of earnings will be released after the close.
On the list includes:
- Shake Shack
- The Cheesecake Factory
- Kraft Heinz
- Go Pro
Facebook has been under a lot of scrutiny due to the Russian influence in the 2016 election. Facebook has responded with promises to hire more workers to combat the problem and stricter controls on ads and posts. Facebook is trading at record levels (up 1.23% to $182.27).
Tesla is the Amazon of the auto market. The valuation is certainly not on the earnings but the technology and potential future earnings as a result of their cars. Tesla is trading down about 3% on the day at $321.74. The 52-week high was at 389.61.