They shoot, they score?
Earnings madness on Wednesday as multiple companies reported. As with every earnings season, there were some winners and some losers.
TheStreet's Executive Editor Brian Sozzi breaks down the Facebook (FB) misses and Paypal's (PYPL) wins. Facebook was light on monthly and daily users, sending shares down as much as 10% after-hours. PayPal shares also came under pressure, but the second quarter looked solid. Case of high expectations.
Anders Keitz handled Boeing (BA) earnings for the day.
CEO Dennis Muilenburg outlined areas of opportunity for the company in an interview with TheStreet, saying the company plans to grow its Global Services business through organic and inorganic investments, including bolt-on acquisitions. (Check out the story on TheStreet's sister publication The Deal.) Muilenburg is also bullish on Space Force and the Trump administration's overall push back into space exploration. He views space as a growth opportunity through Boeing's satellites and deep space/low Earth orbit products, reported Keitz.
And, of course, we can't forget that President Trump held a press conference announcing the rollback of EU tariffs. Here's what you need to know.
Facebook and PayPal are holdings in Jim Cramer's Action Alerts PLUS member club.