What was Wall Street saying about earnings season, Googlehitting an all-time high, Facebook’s1 billion users and European bank stocks? Find out in this week’s CNBC.com Stock Blog Roundup.
Third-quarter earnings season unofficially gets underway with Alcoa’searnings report on Tuesday. David Bianco, the chief U.S. equity strategist at Deutsche Bank, is expecting disappointment for the quarter overall given weakening global growth. Bianco is “overweight” technology and financials, and likes Microsoft and International Business Machines in technology, and Goldman Sachs and Citigroup in financials.
Google shares hit an all-time high this week, but at least one analyst is concerned about growth. Colin Gillis, a tech analyst at BGC Partners, told CNBC declining advertising cost per clickcontinues to be an issue for the Internet giant.
Elsewhere in tech, Facebook was out touting its 1 billion users this week, but Daniel Ernst of Hudson Square Research cautioned against expecting an immediate acceleration in revenues. Ernst also said that it was encouraging that Facebook executives appear more focused on increasing revenue.
There are a host of new proposed rules and regulations coming for the European banks, but Chris Wheeler, bank analyst at Mediobanca, expects HSBC and Barclaysto be “standout opportunities.”
—By CNBC.com’s Justin Menza
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