Facebook reports their calendar q1 ’13 earnings after the bell on Wednesday, May 1.
Here is our preview of FB’s earnings as published on SeekingAlpha. The stock is now trading above its 50-day moving average per the attached chart.
We don’t typically buy a stock in front of an earnings report, but FB has been consolidating now for 3 full months. We have been adding to the stock in small increments since it fell below $28 – $29, and all the way down to $25.
We think FB is an early-stage growth company. The valuation is spicy for sure, so be careful out there.
Trinity Asset Management, Inc. by:
Brian Gilmartin, CFA
Portfolio manager