5 Stocks To Watch: July 23, 2020
July 23, 2020: If you’re looking for stocks to watch, check out Tesla, Inc. We picked out TSLA yesterday and after a strong second-quarter report, the stock saw a rise of 5.6-percent in pre-market trading.
However, if you’re looking for something fresh, four of our five picks today have reported earnings before the bell with varying levels of success. Stocks include an allegedly troubled airline and a cuisine favorite.
Check out our five stocks to watch below.
AT&T, Inc. (AT&T) – $30.22
AT&T, Inc. (AT&T) announced its second-quarter earnings before the bell today. With analysts estimating that the company would report revenue of $41.1-billion and $0.79 earnings per share.
The communications company however failed to meet revenue estimates and was short by $70-million ($40.95-billion). Yet, AT&T earnings per share did beat the estimates, coming in at $0.83 earnings per share.
Sentiment towards AT&T is bearish after the mixed Q2 report but it remains one of the stocks to watch as the market reacts.
Kimberly Clark Corp (KMB) – $144.22
Kimberly Clark Corp (KMB) released second-quarter earnings today topping analyst estimates. The personal care product manufacturer had a surprise revenue of $142-million, reaching $4.61-billion. Earnings per share also came in $0.43 above estimates, reaching $2.20. This is an increase of 31.74-percent over last year’s earnings per share, making KMB a definite stock to watch.
Chipotle Mexican Grill, Inc. (CMG) – $1,182.25
Chipotle Mexican Grill, Inc. (CMG) had a strong second-quarter, beating estimates with revenue of $1.37-billion and earnings per share of $0.40. Analyst SunTrust Robinson Humphrey raised CMG’s price target to $1,358 and maintains their buy status. Since March 2020, CMG stock has climbed in value from $566.00 to $1,182.25.
Union Pacific Corporation (UNP) – $179.43
Union Pacific Corporation (UNP) announced its second-quarter report before the bell today. Reporting under the revenue estimate by $126-million. Q2 revenue was $4.24-billion, with earnings of $1.67 per share. Current news sentiment towards UNP is bearish as reports show revenue and earnings per share have decreased year over year by 24.16-percent and 24.77-percent respectively.
American Airlines Group, Inc. (AAL) – $11.36
American Airlines Group, Inc. (AAL) reported it beat revenue estimates by $182-million today, with revenue of $1.62-billion. However, its $7.82 loss per share was $0.12 worse than expected. Since February 16, 2020, the value of AAL has dropped from $27.82 to a low of $9.39 in March.
It is alleged that American Airlines have acquired a $4.75-billion secured loan from the U.S Department of Treasury which will close in Q3. This is likely connected to the continued concerns over another travel lockdown and falling share prices across several airline companies. This alleged news makes AAL one of the stocks to watch going forwards.