5 Stocks To Watch: July 16, 2020

Credit: Netflix

After the coronavirus vaccine bump on Wednesday, traders and investors have been more conservative today, but there’s still plenty of stocks to watch.

Yesterday’s influx of data, ranging from corporate earnings to U.S. economic numbers, including unemployment has caused some big moves in the market. Including that of the Dow Jones Industrial Average, which dropped 0.5-percent. The S&P 500 and Nasdaq also fell by 0.8-percent and 1.1-percent respectively.

Despite the drops, these are our five stocks to watch.

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Netflix Inc. (NFLX) – $523.26

With Netflix Inc. (NFLX) yet to release their second-quarter numbers, 74-percent of analysts remain positive on the stock. In the last quarter, NFLX earned $6.08 billion, slightly beating estimates and delivering $1.81 earnings per share. With the value of NFLX trending up since September 2019, climbing from $263.08 to $548.73 July 5, 2020, the market is waiting to see what happens next.

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Bank of America Corp (BAC) – $24.63

Bank of America Corp (BAC) second-quarter earnings were $444-million above estimations, which predicted $22.01-billion. This bump rubbished the early consensus that earnings would be $0.27 per share. With actual earnings at $0.37 per share, stock value has seen a slight climb. BAC currently sits 0.2-percent above its market-opening value.

Morgan Stanley (MS) – $51.43

Morgan Stanley (MS) had a strong second-quarter, beating estimates by $3.1-billion. The investment firm topped consensus share estimates by a significant margin, earning $1.96 per share rather than $1.12. Analyst sentiment towards MS is currently 72.8-percent positive. With B of A Securities, DA Davidson, Argus Research, and Seaport Global maintaining a buy status.

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AstraZeneca PLC (AZN) – $58.00

AstraZeneca PLC (AZN), the British-Swedish multinational pharmaceutical company with research and development based in Maryland, U.S. spiked after the positive COVID-19 vaccine news yesterday. Over the last 24-hours stock value reached $58.35 and has since balanced at around the $58. With first-quarter earnings beating estimates by $444-million and Q2 earnings expected July 30, this is one of the top stocks to watch.

Johnson & Johnson (JNJ) – $148.31

The last of our stocks to watch is Johnson & Johnson (JNJ). The medical device and consumer products manufacturer beat second-quarter revenue estimates by $836-million. Earning $1.67 per share in the process. During after-hours trading, JNJ fell by 0.2-percent, hitting $147.93. The company stated that its second-quarter growth was down to its pharmaceutical business, and have raised their 2020 outlook making it another stock to watch.