5 Stocks To Watch: August 4, 2020

5 Stocks To Watch: August 4, 2020
Credit: Geralt / Pixabay

August 4, 2020: Yesterday’s stocks to watch saw us pick out The Clorox Company at the top of our list. They beat analyst estimates and delivered company record sales growth. Yet, CLX still dropped in value, from $236.12 to $232.01. Considering news sentiment towards CLX rates at 79-percent (1-percent off bullish), we’re still considering this stock one of to watch today.

Another of our top-five yesterday was McKesson Corporation (MCK), and we’re glad to report that the company reported better-than-expected Q1 results. Gaining 6.5-percent over the day, rising from $149.84 to $159.90.

Other noticeable movers during Monday’s trading include:

  • The ADT Corporation (ADT) saw an increase in share value of 56.7-percent, from $8.61 to $13.50 by Monday’s closing bell.
  • Cohen Company, Inc. (COHN) saw share values jump 50.7-percent. From $13.85 to $20.67 by the end of trading.
  • Berkeley Lights, Inc. (BLI) saw their shares climb 18.7-percent, rising from $60 to $71.22 by closing bell on August 3.

Below are our freshest top-five stocks to watch:

Today’s #1 Stocks To Watch: SolarEdge Technologies, Inc. (SEDG) – $173.56

SolarEdge Technologies, Inc. (SEDG) revealed results for its second quarter yesterday. Beating analyst estimates with revenue of $331.85-million and earnings per share of $0.97 each. During the report, they also increased their Q3 sales estimate from $325-million to $350-million. This positive report encouraged the market, with SEDG shares climbing 12.4-percent in the after-hours trading, from $173.53 to $194.99.

The reason SEDG tops our stocks to watch today is down to its continued trend upwards. From $104.52 in January to its present-day, after-hours value of $194.99.

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The Mosaic Company (MOS) – $13.69

Another company that revealed second-quarter results on Monday was crop nutrients producer The Mosaic Company (MOS). Like SolarEdge, Mosaic Co. reported better-than-expected Q2 revenue, earning $2.05-billion instead of analyst estimated $1.86-billion. Earnings per share were estimated to be a loss of $0.01 each but was actually a gain of $0.11.

This surprise result led to MOS jumping in share value by 7.5-percent during the after-hours trading. From $13.69 to $14.70.

Emerson Electric Company (EMR) – $62.78

Emerson Electric Company (EMR) reported third-quarter earnings before the bell today and beat estimates in the process. Q3 revenue reported at $3.91-billion, $64-million over the estimate. Q3 earnings per share reported at $0.80 each, $0.20 over the estimate. The market was already reacting to the potential earnings during after-hours trading, with EMR climbing 0.4-percent, from $62.78 to $63.

Since the March 2020 lockdown price crash, EMR has steadily recovered its value. In August 2019, the value of EMR was $59.48. During the lockdown crash, the value of EMR was $44.09. This recovery makes EMR one to watch.

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The Walt Disney Company (DIS) – $116.34

The Walt Disney Company (DIS) is expected to report third-quarter earnings after the bell today. Analysts expect Q3 revenue of $12.39-billion and earnings per share at a loss of $0.64 each. To give a comparison, the company had revenue of $18.01-billion, with earnings per share of $0.60 in Q1. During the after-hours trading, DIS dropped by 0.1-percent.

Right now, the market looks bearish towards DIS. News sentiment is only 60-percent positive, and expert analysts including Cowen & Co., Consumer Edge Research, Imperial Capital, and Loop Captial have all been downgrading their status since late May.

However, The Walt Disney Company makes our top-five because a lower DIS share price could interest a lot of investors.

Achieve Life Sciences, Inc. (ACHV) – $11.72

One stock investors will be watching the news for is Achieve Life Sciences, Inc. (ACHV). Their announcement of a common stock offering, which had no terms disclosed has left the market cautious. This is proven by the fact after-hours trading saw ACHV drop in value by 4.6-percent. From $11.72 to $11.18. In comparison, news sentiment puts it at 78.6-positive, which is only 1.4-percent off bullish.

What adds to the intrigue is that, over the last 52-weeks, ACHV looks to be stock in free-fall. Dropping from the August 2019 value of $35 to today’s value. This is why ACHV makes our top-five stocks to watch.

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