5 Stocks To Watch: July 29, 2020

Stocks To Watch
Credit: Petr Kratochvil / Public Domain Pictures

July 29, 2020: In yesterday’s stocks to watch we picked out F5 Networks, Inc. (FFIV) after they reported positive Q3 results. However, FFIV dropped by 8.8-percent over the day’s trading, falling from $151.28 to $137.98.

The big question, were we wrong?

According to Benzinga: “With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company’s price-to-earnings ratio. The stock is currently higher from its 52 week low by¬†76.59%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Software.”

Consider F5 Networks, Inc. (FFIV) as one of our stocks to watch long-term.

Another stock that caught our eye yesterday and that continues to look strong during today’s pre-market session is Eastman Kodak Company (KODK).

According to a report from the Wall Street Journal, the company landed a $765-million U.S. loan to manufacture drugs under the Defense Production Act. This news sent shares from $2.62 on Monday to $8.07 during today’s pre-market session.

KODK remains one of the stocks to watch today, and here are five others definitely worth keeping an eye on:

Advanced Micro Devices, Inc. (AMD) – $67.61

Advanced Micro Devices, Inc. (AMD) reported better-than-expected second-quarter revenue and earnings per share on Tuesday. Reporting revenue at $1.93-billion, and EPS at $0.18 each. In the report, AMD also issued a third-quarter sales guidance update which was above analyst estimates.

The positive report and Q3 forecast have created a bullish market, with after-hours trading seeing a 10.3-percent climb. AMD is definitely one of our stocks to watch today.

CHECK OUT: ByteDance investors value TikTok at $50-billion in a takeover bid.

Starbucks Corporation (SBUX) – $76.46

Starbucks Corporation (SBUX) announced their third-quarter earnings on Tuesday and they were better-than-expected. Q3 revenue was reported at $4.22-billion, $162-million above estimate. Q3 EPS was reported at a loss of $0.46, $0.13 better than the estimate. The corporation also raised its guidance for the 2020 financial year. In after-hours trading, SBUX climbed by 5.7-percent.

We picked out Starbucks on Tuesday and we have done so again because it remains one of the stocks to watch.

PayPal Holdings (PYPL) – $176.27

PayPal Holdings (PYPL) will announce their second-quarter earnings today after the closing bell. Estimates put revenue at $4.95-billion, and earnings per share at $0.86 each. Shares rose during after-hours trading by 0.6-percent. Sentiment towards PYPL is 77.5-percent positive and not far from being bullish. So this is definitely one to keep an eye on.

CHECK OUT: Wall Street falls as pandemic hurts consumer confidence as earnings stimulus plan underwhelms.

QUALCOMM, Inc. (QCOM) – $91.45

QUALCOMM, Inc. (QCOM) will announce their third-quarter earnings today after the closing bell. The estimate has revenue for Q3 at $4.81-billion and earnings per share at $0.71 each. In after-hours trading, QCOM gained 1-percent and anyone looking at the trend since mid-March 2020, will see its value grow from $60.91 to $92.70. QCOM is definitely worth watching.

Seagate Technology PLC (STX) – $48.57

Last up today on our stocks to watch list is Seagate Technology PLC (STX). The major supplier of hard disk drives reported weaker-than-expected revenue and EPS during its fourth-quarter report yesterday. Q4 revenue was $2.52-billion, below estimate by $93-million. Q4 earnings per share were $1.20, below estimate by $0.09. During after-hours trading, STX dropped by 8.4-percent to $44.50.

Seagate Technology PLC (STX) makes our stocks to watch list because its value could head down further during today’s trading creating an interesting opportunity for investors.

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