5 Stocks To Watch: July 22, 2020
July 22, 2020: If you’re looking for stocks to watch that are bullish early, look no further than Thermo Fisher Scientific, Inc. (TMO). Its quarterly earnings beat the estimates and the market is reacting strongly.
Despite this, it’s MSFT that tops our 5 stocks to watch list today, with Tesla, Inc. after the bell earnings also worth looking out for this July, 22.
Microsoft Corporation (MSFT) – $208.75
Microsoft Corporation (MSFT) is expected to report quarterly earnings before the opening bell today. Estimations have revenue at $36.5-billion with earnings of $1.37 per share. Analysts Jefferies and Raymond James maintain buy and strong buy ratings respectively. MSFT tops our stocks to watch list today.
Thermo Fisher Scientific, Inc. (TMO) – $403.19
Thermo Fisher Scientific, Inc. (TMO) have already released their second-quarter earnings, beating estimates handsomely. Estimates had revenue at $6.13-billion and earnings per share at $2.84. Reported revenue was $787-million over the estimate, coming in at $6.92-billion for Q2. Earnings per share beat the estimate by $1.05, coming in at $3.89 per share. The market is bullish over TMO and along with MSFT are definite stocks to watch today.
Biogen, Inc. (BIIB) – $280.19
Biogen, Inc. (BIIB) is expected to release earnings before the bell today. With analysts estimating earnings of $8.04 per share, with revenue of $3.44-billion. News sentiment remains positive despite stock value dropping from $284.84 to $280.19 yesterday. What makes BIIB one to watch today is that earnings per share estimates were wrong by $1.40 in Q1. The potential of more surprises makes their second-quarter report worth waiting for.
Snap, Inc. (SNAP) – $24.78
Snap, Inc. (SNAP) beat estimations in their second-quarter report but still delivered a loss on earnings per share of $0.09. On the flip-side, revenue during the second quarter was $21.05-million above estimate, coming in at $454.16-million. Deutsche Bank maintained their buy outlook for SNAP yesterday but as of this morning, analysts Guggenheim has downgraded their outlook to neutral as SNAP shares fell 6.4-percent in the pre-market session. SNAP will be one stock to watch over the next few days.
Tesla, Inc. (TSLA) – $1568.36
Tasla, Inc. (TSLA) will report their quarterly earnings after the bell today. Estimates have Tesla, Inc. posting a loss of $0.11 per share, with Q2 revenue being at $5.23-billion. Over the last 52-weeks, TSLA has gone from $211.40 to $1794.99, with the biggest surge being over this summer. A strong second-quarter could see the stock climb even higher.