5 Stocks To Watch: July 24, 2020
July 24, 2020: One of the biggest movers yesterday was Milestone Pharmaceuticals, Inc. (MIST), climbing 166.8-percent in value over the days trading. MIST didn’t make our five stocks to watch yesterday but it’s definitely one we’re watching now.
A surprise loser yesterday was Apple, Inc. (AAPL), which dropped from $386.22 to $371.38, despite a strong second-quarter report. It’ll be interesting to watch where AAPL goes next as analysts including Canaccord Genuity, Needham, and more maintain their buy position on the stock.
These are our freshest five stocks to watch:
American Express Company (AXP) – $96.62
The expectation was bleak for American Express (AXP), with estimates presuming today’s before the bell second-quarter report to be full-on doom and gloom. However, there was some light despite revenue coming in $475-million below the estimate at $7.68-billion. Earnings per share, which was estimated to be at a loss of $0.11 each, actually earned $0.40. This surprise EPS makes AXP one of our stocks to watch today.
Edwards Lifesciences Corporation (EW) – $77.38
Edwards Lifesciences Corporation (EW) earned a 5.4-percent bump in the pre-market trading session after delivering their second-quarter results on Thursday. The medical device manufacturer beat analyst estimates with a surprise of $135.58-million in revenue and $0.17 earnings per share.
Despite the Q2 report showing revenue and EPS falling 15-percent and 26-percent respectively against the same period last year, the company still improved its full-year guidance. Increasing revenue from $4 billion to $4.5 billion, and adjusting EPS to $1.75 to $1.95. EW is definitely one of the stocks to watch going forwards.
Schlumberger N.V. (SLB) – $19.30
Schlumberger N.V. (SLB) CEO Olivier Le Peuch said during today’s quarterly earnings report: “This has probably been the most challenging quarter in past decades.”
The report showed that revenue had declined by 35.23-percent when compared to last year but only missed the Q2 estimate of $5.4-billion by $44-million overall. While revenue was below estimate, earnings per share came in above estimate at $0.05 each.
SLB makes our top five stocks to watch because news sentiment is dropping and the outlook is getting increasingly more bearish.
Honeywell International, Inc. (HON) – $153.79
Honeywell Internation, Inc. (HON) announced their second-quarter numbers before the bell today, beating both analyst revenue and earnings per share estimates. The revenue estimate was $7.29-billion, the actual revenue was $7.48-billion. EPS estimates were $1.21, the actual earnings per share were $1.26.
Despite beating Q2 estimates, earnings per share and revenue were down by 40-percent and almost 20-percent respectively when compared to the same period last year. Another variable that could impact HON stock value is its debt-ratio of 0.28. Anything above 1.0 would be an issue.
Sketchers USA, Inc. (SKX) – $31.08
The footwear company Sketchers USA, Inc. (SKX) reported their second-quarter earnings on Thursday and saw a pre-market jump of 9.6-percent. Their revenue of $729.47-million beat estimates by $44.5-million. Yet their earnings per share made a loss of $0.44. Since July 19, SKX has been on the climb and with the positive pre-market trading, SKX is definitely one of the stocks to watch today.