ADP, GDP and FOMC all in one day. While no one is truly expecting any change from the FOMC (taper) plan, one never knows.
- Lackluster forward guidance seems to be the recent earnings mantra (no surprise).
- Bulls need a follow through to the upside today
- TWTR beat however issued disappointing outlook. This may be the "show me" stock for 2014 where disbelievers will have to be proven it's potential vs. $FB. The good news: you'll be able to buy it cheaper. The company's second quarter revenue forecast was $270M-$280M against consensus of $272.9M. Twitter's (TWTR) adjusted EBITDA guidance of $25M-$30M was lower than Q1's $37M result. In Q1, monthly active users rose 6% sequentially and 25% Y/Y to 255M, roughly inline with expectations. Timeline views rose 6% sequentially, and just 15% Y/Y to 157B. Ad sales rose 125% Y/Y to $226M amid a barrage of new ad products.
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