5 Stocks To Watch: July 20, 2020

As of Friday, July 17, 2020, a healthy 87 stocks had hit 52-week highs, including BlackRock (BLK), J.B. Hunt Transport Services (JBHT), and Ericsson (ERIC). These remain stocks to watch coming into this fresh week of trading.

There’s also a host of companies reporting before the bell today, including Halliburton Company (HAL), which is one of our stocks to watch. Manpower Group Inc. (MAN), Cal-Maine Foods Inc. (CALM), and Lennox International Inc. (LII) all report early.

After the bell, eight other companies report their quarterly earnings, including International Business Machines Corporation (IBM), which also makes our Top Five stocks to watch today. Other companies reporting include Steel Dynamics, Inc. (STLD), Logitech International S.A. (LOGI), and Crown Holdings, Inc. (CCK).

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Halliburton Company (HAL) – $13.096

Halliburton Company (HAL) released its second-quarter earnings, coming in $110-million under revenue estimates at $3.2-billion. Earnings per share however beat estimations of -$0.11, reaching $0.05. On July 13, analyst Raymond James set HAL as a strong buy at $15. The current year trend shows HAL as still climbing after falling from $21.26 to $5.05 between February and March.

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International Business Machines Corporation (IBM) – $125.12

International Business Machines Corporation (IBM) will issue its second-quarter earnings after the bell today. Analysts estimate IBM to earn $17.72-billion, with earnings per share estimated to reach $2.06 each. Before the report, news sentiment towards IBM was 64-percent positive, with a bearish outlook. Stock value has remained steady between April and July, and with Q2 earnings incoming, IBM is definitely one of the stocks to watch.

Quest Diagnostics, Inc. (DGX) – $125.10

Quest Diagnostics, Inc. (DGX) who had positive news over its COVID-19 test saw spikes in share value throughout July. On July 10 the stock was at $116.76, by July 13, the stock was at $122.14. The value has continued to rise. In March, DGX was at a year low of $72.78 and has climbed rapidly since. Second-quarter earnings are scheduled for July 23, estimations predict earnings of $1.52-billion, with earnings per share at $0.12. Q1 results had earnings of $1.82-billion, with earnings per share of $0.94.

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Nikola Corporation (NKLA) – $48.84

Nikola Corporation (NKLA) stock value sharply tumbled by 14.5-percent after its common stock offering was revealed on June 15, 2020. The stock was already down by 20-percent before the SEC broke the common stock news. From June 8, NKLA has fallen from a high of $79.73 to $48.84. A loss of over-$30 in roughly seven weeks. NKLA is one of the stocks to watch as the price might become irresistible.

XpressSpa Group, Inc. (XSPA) – $2.81

The health and wellness holding company, XpressSpa Group, Inc. (XSPA) reported a common stock offering of 10.5-million on July 17. In after-hours trading, the stock saw a 9.7-percent increase, climbing to $3.06. As of June 4, XSPA was at $7.11 and we’re currently waiting to see what happens next. For this reason, XSPA is one of our stocks to watch today.

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