Facebook delivered yet another amazing quarter the other day. The stock moved higher, then tailed off later on in the trading session. How could this be? They beat all expectations! The thing is, investors have become used to Facebook beating their expectations. It sounds silly, and it is, but that is clearly what the day’s trading revealed.
Apple, on the other hand, had a poor quarter. However, it was not as bad as analysts thought it would be and the stock moved higher and sustained its rally.