3 Hot Tech Stocks to Watch This Week

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It’s a big week for tech stocks, between gadget reveals, earnings and more. Let’s take a look at three hot tech stocks you need to keep on your radar hot tech stocks aapl ebay nflxthis week.

Tech Stocks to Watch: Apple (AAPL)

Suffering from tech event fatigue? Apple (AAPL) isn’t. Just over a month removed from its big September reveal — which was huge and hyped thanks to the iWatch and iPhone 6 — Apple has yet another date marked on the calendar. This Wednesday, the company is expected to unveil an improved iPad Air.

This reveal may come right after an updated Google (GOOG) tablet (cue even more event fatigue), as the tech giant is rumored to be announcing the Nexus 9 on Wednesday. On top of that, CNET reports that “the updates coming Thursday are expected to be incremental changes instead of a revolution.” So we should see the TouchID fingerprint sensor, and it should soon work with Apple Pay, Apple’s new mobile payments system.

The other things to keep an eye on? Improvements to the Mac, along with the official launch of the OS X Yosemite computer operating system — which comes not long after Microsoft (MSFT) announced Windows 10.

Oh, and for the cherry on top, Apple earnings are on tap for next Monday.

Tech Stocks to Watch: eBay (EBAY)

While there’s a lot going on with Apple (per the usual), eBay (EBAY) is another company that slides into our list of hottest tech stocks to watch this week … and it’s arguably the tech stock to watch this week. That’s because eBay is coming off the huge announcement that it’s spinning off its online payments arm PayPal (all the details here) … then followed that up with the announcement that it’s rebranding its website. As AdAge reported:

“EBay is launching its first global campaign and revamping its homepage. “Shop the world” will launch Oct. 13 and coincide with the debut of a sleeker, carefully edited homepage. The 19-year-old company’s homepage has long been a search-driven affair.”

The cherry on top — especially from a stock perspective — is eBay earnings, which are slated for this week as well. The company is expected to post earnings of 67 cents per share — a mere 5% year-over-year improvement despite expected 12% sales growth. That figure also is 4 cents less than what analysts were expecting a year ago.

That low bar might help eBay continue its streak of earnings beats, but a beat might not matter as much as usual. As MarketWatch put it, “analysts will be looking for hints as to how future eBay plans to operate — from M&A and stock buyback strategies to longer-term financial outlooks.”

Tune into the eBay earnings call Wednesday after the market close to hear those hints firsthand.

Tech Stocks to Watch: Netflix (NFLX)

Several tech stocks are lined up to report earnings this week, including streaming king Netflix (NFLX). And the earnings growth NFLX is expected to post is nothing to sneeze at. Last year, Netflix earnings tallied 52 cents per share, which beat analyst expectations by a few pennies. This year, the consensus is for a whopping 80% more at 94 cents per share, thanks to expected 27% sales growth for a grand top line total of $1.41 billion.

Of course, analysts were at one point expecting more than a dollar per share from the media company, but has tempered those expectations. Hopefully that helps Netflix earnings make it over the bar; last quarter, the results fell short by a penny.

Netflix earnings also are scheduled for Wednesday.

As of this writing, Robert Martin did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2014/10/tech-stocks-aapl-ebay-nflx/.

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