It’s been an unforgettable week of earnings seen by some companies shuttering records while others were failing to spark, on dismal earnings report. Attention now shifts to Chevron Corporation (NYSE:CVX) and Visa Inc. (NYSE:V), which are poised to post earnings heading into the close of the week. CNBC’s, Timothy, Seymour, does not expect Google Inc. (NASDAQ:GOOGL) to post earth shuttering earnings especially on underperforming in 2014 at the back of concerns that the company might be lacking a catalyst like an iPhone 6 with Apple Inc. (NASDAQ:AAPL).
The turmoil in the energy sector is not going away anytime soon according to CNBC’s, Steve Grosso, which should provide more headwinds for Chevron Corporation (NYSE:CVX) going forward. Oversupply of oil in the market should be a big concern for most of the bigenergy companies in the industry according to the analyst although the same is expected to benefit refiners a great deal
“[…] I think if you are going to move anywhere in the energy complex, you go to the refiners WTI, Brent spread is coming back online. We saw oversupply of oil, and we’ve seen gasoline demand start to tick up. That’s a recipe for these stocks to increase in value seen the move already in the refiners, but I still think they have a couple of legs left to the upside,” said Mr. Grasso.
Google was the subject of increased scrutiny last year on what was believed to have been an underperformance in the stock market, much to the surprise of investors. Karen Finerman, who remains long on the stock, remains confident that the company will perform better this year despite concerns that the company does not have any major catalysts like iPhone6 with Apple Inc. (NASDAQ:AAPL) to mount an upward rally.
Mobile should be a key driver for Google Inc. (NASDAQ:GOOGL) in 2015 according Grasso considering it dominates the space with 90% market share at the back of the ongoing growth in the usage of smartphones. The search business is another frontier that should accord the search engine opportunities for growth according to the analyst.
Google Inc. (NASDAQ:GOOGL)’s current trading margins according to Timothy Seymour, on the other hand, offer a great opportunity to enter a long position on the stock.
“[…] Going into the numbers I think you have a chance to probably buy this stock little bit lower. I don’t think these guys are going to deliver anything earth shattering, but I do think it lacks the catalyst. I think people underweight the bar is very low those are good setups to own a great company,” said Mr. Seymour.
Pete Najarian is on the other hand long on Visa Inc. (NYSE:V) ahead of its earnings call, maintaining the stock has strong growth prospects both on the revenues and earnings per share front.
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