2 Red-Hot FAANG Stocks Are to Report Earnings This Week

Coinspeaker 2 Red-Hot FAANG Stocks Are to Report Earnings This WeekAs January draws to a close, the market is seriously anticipating the release of earnings reports from Apple and Facebook. Both companies, two of the world’s largest tech companies that make up the popular FAANG stocks, had a really great year in 2019. Before Wednesday when the last of these reports will be published, let’s take a look at their journey so far and what is expected.FAANG Stocks to AnticipateWhile the name comprises 5 different companies including Facebook, Apple, Amazon, Netflix, and Google’s parent Alphabet, here are two to anticipate.Apple Earnings ReportTo say the least, Apple had a fantastic 2019. The release of its iPhone 11 series was so successful that the company said it beat their expectations. At some point, Apple even struggled with demand because it was a lot higher than their rate of production. As should be expected, Apple Stock (AAPL) soared.In 2019 generally, AAPL jumped by more than 86%. Currently trading at $309.15, it has gained over 97% in the last 12 months, with 23.98% in three months. This year alone, AAPL has pulled in year-to-date (YTD) returns of more than 5% and a market cap sitting pretty above $1.4 trillion.Also, December 2019 saw very high iPhone sales. Apart from the iPhone, Apple’s other services such as Apple Pay did great as well. Also, Apple wearables like the Apple Watch and the Airpods have been selling like wildfire.Several other rumours point to Apple being unstoppable this year. Firstly, reports suggest that Apple will begin producing a cheaper iPhone next month. Furthermore, Apple is also expected to launch a total of 5 new models in 2020, with three of them 5G-enabled.The forthcoming earnings report is the first complete sales quarter report since the iPhone 11 was released. The company expects up to 6% in growth for its fiscal first quarter. The report will be announced on Wednesday, Jan. 28.Facebook Earnings ReportFacebook is one of the largest companies, but also one of the most controversial. The company has been plagued with a variety of regulatory issues for many months now. Facebook has been hit with fines, lawsuits and several other investigations looking into allegations of privacy misconduct. The company also had it tough after it announced plans for its digital currency, the Libra. However, Facebook stock (FB) began to stabilize as all the noise began to reduce.Currently trading over $214, FB has gained 4.97% in the last month and 13.2% in the last three months. Over the last 12 months, gains have exceeded 45% with YTD increase rising above 4%.In the last year, the social media giant pulled in more than 100 million with a 6% year-over-year increase in the number of visitors. The market expects some growth but maybe not as much as AAPL.Other FAANG Stocks: NetflixEven though the year has just started, on-demand video streaming platform Netflix recently released interesting 2019 fourth-quarter figures. Revenue stands at $5.47 billion, an estimated 31% year-over-year increase. The figure surpassed Refinitiv estimates. Its international paid subscriber base also hit 8.3 million, shooting past the 7.17 FactSet estimated.It seems that all of the FAANG stocks are currently doing well. However, the year 2020 is generally expected to be great for more than FAANG, adding Microsoft to FAAMNG. However, with the current surge of Tesla shares, there are already calls to add TSLA, making a more robust FAAMNGT.2 Red-Hot FAANG Stocks Are to Report Earnings This Week