5 Stocks To Watch: August 3, 2020
August 3, 2020: In last Friday’s stocks to watch we picked out Facebook, Apple, Alphabet, and Amazon as tech shares on the move. They did move, but not as much as social media company Pinterest, Inc. (PINS). PINS share prices jumped 36.1-percent, from $25.14 to $34.29 by the closing bell on Friday. This uptick happened after they reported better-than-expect second-quarter earnings and a year-over-year increase in monthly active users of 39-percent.
Other noticeable movers last Friday include:
- Goosehead Insurance, Inc. (GSHC) saw an increase in share value of 23.2-percent, from $83.99 to $103.32 by Friday’s closing bell.
- Kinsale Capital Group, Inc. (KNSL) saw share values jump 17.5-percent. From $165.94 to $195 by the end of trading Friday.
- Emergent Biosolutions, Inc. (EBD) saw their shares climb 14.7-percent, rising from $96.72 to $111.24 by closing bell on July 31.
All three of the above reported positive quarterly results towards the end of last week, proving the power of a positive quarter. Here are more stocks to watch, four of which are reporting before and after the bell today.
Today’s #1 Stocks To Watch: The Clorox Company (CLX) – $236.18
Before the bell today The Clorox Company (CLX) will report their fourth-quarter earnings. Analysts put Q4 revenue at $1.86-billion, with earnings per share of $1.98 each. CLX jumped 0.8-percent in after-hours trading. Over the last year, since August 2019, CLX has been on a continued trend, rising from $158.27 to present value. The same trend is true when looking back to August 2015. It’s been non-stop climbing.
Currently, news sentiment towards The Clorox Company is bullish, measuring at 80.52-percent positive. This combination of factors makes CLX the stock we’re watching most during today’s trading.
CHECK OUT: Microsoft nears TikTok acquisition.
American International Group, Inc. (AIG) – $32.13
Analysts got American International Group, Inc. (AIG) revenue estimates wrong in Q1. Estimating $2.99-billion under actual revenue earned. With the insurance and financial services firm reporting second-quarter earnings after the bell today, all eyes will be on the estimates. This is one reason AIG is on our stocks to watch list today.
Estimations put Q2 revenue at $11.13-billion, with earnings per share at $0.50 each. The second reason AIG is on the list today is because shares increased 1.1-percent on Friday,
The AIG share price has increased steadily since March, rising from $19.23 to its present value.
Tyson Foods, Inc. (TSN) – $61.45
Analysts estimate the largest U.S. producer of processed chicken and beef, Tyson Foods, Inc. (TSN) will report third-quarter revenue of $10.51-billion before the opening bell. With earnings per share estimated to be $0.91 each.
Between January and March, TSN shares fell in value from $91.92 to $52.51. Analysts including Seaport Global, B of A Securities, and Piper Sandler are all neutral on the stock, but an increase of 0.6-percent in after-hours trading and a positive Q3 report might just get TSN moving.
McKesson Corporation (MCK) – $149.91
McKesson Corporation (MCK) will report first-quarter earnings before the bell today. Analysts estimate that the largest and most complex third-party logistics provider will report revenue of $53.85-billion. With earnings per share of $2.30 each. During the after-hours trading, MCK dropped 0.2-percent.
Analysts including Guggenheim, UBS, and CFRA maintain buy ratings for MCK. Plus news sentiment is bearish at 70.82-percent positive. Considering the share price has ranged from $135.68 to $164.68 over the last three months, and $124.97 to $170.96 over the last 52-weeks, it’ll be interesting to see where the market takes MCK after today’s report.
Boise Cascade Company (BCC) – $46.58
The only company on our stocks to watch list not reporting today is the Boise Cascade Company (BCC). They reported better-than-expected second-quarter results on Friday, July 31. Revenue of $1.24-billion beat estimates by $63-million. Earnings per share of $0.84 each beat estimates by $0.31. Boise Cascade shares jumped 3% during after hours trading on Friday.
BCC trends over the last three months are positive, with share price climbing from $30.54 to present value. With the exception of the February to March lockdown slump, the share value 52-weeks ago was $29.75 and continues to show an upwards trend leading to today’s value.
This continued trend, positive Q2 results, and positive after hours trading makes BCC one of our top-5 stocks to watch this August 3.