5 Stocks To Watch: July 28, 2020

5 Stocks To Watch: July 28, 2020
Credit: Pxfuel

July 28, 2020: In yesterday’s stocks to watch we picked out Moderna, Inc. (MRNA). The stock looked certain to gain throughout Monday’s trading after the announcement of $472-million in government funding and continued coronavirus vaccine trials. MRNA rose 9.2-percent overall yesterday and remains well worth watching.

We also picked out Hasbro, Inc. (HAS) in our stocks to watch list. The toy and game company released its second-quarter report and its revenue failed to meet analyst estimates. HAS dropped from $77.61 to $71.81. A 7.4-percent drop overall.

One we weren’t watching yesterday that took a surprise turn was DraftKings, Inc. (DKNG). The stock fell by 6.5-percent as news broke that the MLB season was canceled. However, the news was fake, so there’s potential for a rapid recovery.

With yesterday’s recap done, here’s today’s five stocks to watch:

Pfizer Inc. (PFE) – $37.60

Pfizer Inc. (PFE) released its second-quarter report today and it beat analyst estimates handsomely. Q2 revenue beat estimates by $251-million, reporting at $11.8-billion overall. Q2 earnings per share beat estimates by $0.12, reporting at $0.78 each.

During the second-quarter report Pfizer, Inc. adjusted its 2020 financial year outlook from $48.6-billion-$50.6-billion. Immediately after announcing the better-than-expected earnings, Pfizer Inc. (PFE) trading increased.

The above financial report, along with the reported coronavirus vaccine and study announcement on Monday makes PFE top of our stocks to watch list today.

CHECK OUT: The currency hit to North American companies costs $10.8-billion.

McDonald’s Corp (MCD) – $201.27

McDonald’s Corp (MCD) reported their second-quarter earnings today. The fast-food powerhouse reported Q2 revenue $81.50-million above the estimate, coming in at $3.78-billion total. Q2 earnings per share came in below analyst estimates by $0.08, coming in at $0.66 each. During the earnings report, the CFO of McDonald’s Corp said sales in the United States have turned positive in July. Better-than-expected revenue and an uptick in sales make MCD one of our stocks to watch today.

F5 Networks, Inc. (FFIV) – $151.24

F5 Networks, Inc. (FFIV) reported third-quarter results above analyst estimates on Monday. Revenue was $11.31-million above estimates, reporting at $583.25-million. Earnings per share were $0.15 above estimates, reporting at $2.18 each. Despite the positive report, shares dropped 4.2-percent during after-hours trading from $153.24 to $151.24.

CHECK OUT: Gold hits record, equities edge higher on stimulus hopes.

Starbucks Corporation (SBUX) – $76.46

Starbucks Corporation (SBUX) will be posting its third-quarter earnings after the closing bell today. Analysts estimate that earnings per share will come in at a loss of $0.59 each. In the previous quarter, Starbucks Corporation reported earnings per share of $0.32. Analysts estimate third-quarter revenue will be $4.06-billion, down from $5.89-billion in the previous quarter. SBUX is definitely one of our stocks to watch today as the market decides what to do before Q3 financials are revealed.

3M Company (MMM) – $163.34

3M Company (MMM) reported worse-than-expected quarterly earnings before the bell today. Second-quarter revenue was $144-million below estimate, reporting at $7.18-billion. Earnings per share were $0.02 below estimate, reporting at $1.78 each. MMM shares dropped by 0.5-percent during after-hours trading and according to reports, shares continue to trade lower after the Q2 report.

CHECK OUT: U.S. manufacturing sector regaining momentum but rising COVID-19 threatens recovery.