The first read of Gross Domestic Product showed it rose 2.3% in the second quarter, most economists surveyed by the Wall Street Journal expected it to gain 2.7%.
‘It’s clear that Facebook is a mobile monetization machine,’ said IHS Technology's Daniel Knapp, ‘Next quarter, we think mobile will account for 82 percent of its total ad revenue.'
In Thursday’s Analysts' Actions, Wall Street firms take a close look at Facebook (FB), Oracle (ORCL), and Garmin (GRMN).
U.S. Gross Domestics Product numbers released today will tell us a lot about the economy and could determine whether the Federal Reserve will hike interest rates.
The number of users who check their Facebook page at least once a month grew to 1.49 billion from 1.44 billion last quarter.
3 Systems Software Stocks to Buy
For Thursday July 30, TheStreet awaits quarterly results from Procter & Gamble (PG), Mondelez International (MDLZ), Anheuser-Busch (BUD), Colgate-Palmolive (CL), Time Warner Cable (TWC), LinkedIn (LNKD) and FireEye (FEYE).
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