5 Stocks To Watch: August 7, 2020
August 7, 2020: Yesterday, we put Bristol-Myers Squibb Company (BMY) at number one on our stocks to watch top-five. It did climb from $59.69 to $61.30 but it’s far from one of Thursday’s big movers.
Another small mover from our five picks yesterday was ViacomCBS, Inc. (VIAC). With a better-than-expected Q2 report, it saw a $1.30 bump in price. Stepping from $26 to $27.30.
We also picked Western Digital Corporation (WDC) and MetLife, Inc. (MET) as two stocks we thought would drop in price. They did, with WDC falling a significant 16.1-percent, from $44.47 to $37.30. MET fell 7-percent, from $38.31 to $36.99.
The one stock we got wrong yesterday was Roku, Inc. (ROKU). We believed Roku would follow the trend and bounce back after a mixed second-quarter report. However, the stock fell 7-percent. Falling from $165.42 to $153.87.
Moving on from past picks, here’s five fresh stocks to watch this August 7, 2020.
Today’s #1 Stocks To Watch: T-Mobile U.S., Inc. (TMUS) – $108.10
T-Mobile U.S., Inc. (TMUS) beat estimates with their second-quarter earnings report yesterday. With Q2 revenue reported at $17.69-billion, $61-million over the estimate. Earnings per share reported at $0.09 each, $0.02 over the estimate.
T-Mobile also announced that it had become the United States’ second-largest cellular carrier, surpassing AT&T with a reported 98.3-million customers. During after-hours trading, TMUS jumped 5.5-percent, from $108.10 to $114.00.
Since mid-June TMUS has ranged in value, between $104 and $110. So this after-hours trading bump definitely makes T-Mobile one of our stocks to watch today.
Groupon, Inc. (GRPN) – $16.45
Groupon, Inc. (GRPN) reported better-than-expected earnings per share on Thursday for its second-quarter. The middleman between consumers and merchants reported earnings per share at a loss of $0.93 each. This was a whole $1.82 better than the Q2 estimate, which was -$2.75.
They also updated their year-on-year revenue forecast, dropping it from $532.58-million to $395.62-million.
Despite news sentiment being at 55-percent positive (25-percent off bullish), and an EPS loss, GRPN shares rocketed 33.7-percent during after-hours trading. Taking the value from $16.45 to $22.00. We’re intrigued to see which way GRPN goes next, hence it makes our stocks to watch list.
DISH Network Corporation (DISH) – $34.30
DISH Network Corporation (DISH) will report its second-quarter earnings before the bell today. Q2 estimates predict revenue will report at $3.1-billion, with earnings per share of $0.58 each. For comparison, Q1 reported revenue at $3.22-billion and an EPS of $0.55 each.
During after-hours trading DISH stepped up from $34.30 to $35.48, an increase of 3.4-percent. Before the March lockdown dip, DISH was at $40.73 and is gradually making its way back to that value it seems. DISH is definitely worth watching as expert analysts Raymond James has it set as a strong buy.
Uber Technologies, Inc. (UBER) – $34.71
Uber Technologies, Inc. (UBER) reported their second-quarter earnings yesterday. Reporting Q2 revenue of $2.24-billion, $61-million above the estimate. Q2 earnings per share were reported at a loss of $0.73 each. $0.13 better than the estimate.
During the report Uber Technologies, Inc. also announced that driver bookings had declined 35-percent year-over-year for Q2.
At the start of August UBER was trending up, with the value going from $30.26 to $34.71 in five days. However, this report and YoY booking decline look to have halted that trend. With after-hours trading putting UBER shares down by 2.7-percent, from $34.71 to $33.79.
Learning what the market does next makes UBER one of our five stocks to watch today.
Booking Holdings, Inc. (BKNG) – $1,751.79
Booking Holdings, Inc. (BKNG), the world’s largest online travel agency reported their second-quarter earnings yesterday. Q2 revenue was reported at $630-million, $60.69-million better than the estimates. Q2 earnings per share reported at a loss of $10.81, $0.89 better than the estimate.
This better-than-expected report helped shares climb by 3.9-percent during after-hours trading. From $1,751.79 to $1,820. This bump makes BKNG our fifth stock to watch today.