5 Stocks To Watch: July 30, 2020
July 30, 2020: In yesterday’s stocks to watch we highlighted Eastman Kodak Company (KODK) and it didn’t disappoint. Climbing from $8.06 to $45.97 at its peak during the days trading. It closed at $33.20, which is a gain of 318.1-percent overall from its previous day.
KODK continues to gain in the pre-market trading session and remains a stock worth watching.
Another hot pick from yesterday is Kandi Technologies, Corp. (KNDI). The stock rose from $4.00 on Wednesday to close at $9.33, after the company announced it would launch electric vehicles in the U.S. market. In pre-market trading today, KNDI has jumped a further 71.7-percent, to $16.00.
KODK and KNDI are definite stocks to watch, and here are five more definitely worth keeping an eye on:
Proctor & Gamble Company (PG) – $128.44
Proctor & Gamble Co. (PG) announced better-than-expected fourth-quarter earnings before the bell today. Q4 revenue beat the estimate by $728-million, reporting at $17.7-billion. Q4 earnings per share also beat the estimate by $0.15, reporting at $1.16.
During the report, Proctor & Gamble announced that they expect sales growth of up to 3-percent and earnings per share growth of up to 7-percent year-over-year.
A positive report and a 0.3-percent gain during pre-market trading makes PG one of our stocks to watch today.
O’Reilly Automotive, Inc. (ORLY) – $455.77
O’Reilly Automative, Inc. (ORLY) announced better-than-expected second-quarter earnings on Wednesday. Q2 revenue beat the estimate by $552-million, reporting at $3.09-billion. Q2 earnings per share also beat the estimate by $3.19, reporting at $7.10.
Since March 15, ORLY has climbed from $263.77 to its current value. In pre-market trading, ORLY shares climbed 7.3-percent. Up to $489.05. O’Reilly Automotive, Inc. is definitely one stock to watch during today’s trading.
United Parcel Service, Inc. (UPS) – $123.82
Another stock in our top five is United Parcel Service, Inc. (UPS). The company announced better-than-expected second-quarter earnings before the bell today. With Q2 revenue beating the estimate by $2.98-billion, reporting at $20.46-billion. Q2 earnings per share also beat the estimate by $1.06, reporting at $2.13.
Analyst Raymond James currently has UPS as a strong buy and current trends show the share value to be climbing significantly since March. Rising from a low of $90 to today’s value. Pre-market trading is also positive, showing a 1-percent increase.
Amazon.com, Inc. (AMZN) – $3,033.53
Apple, Inc. Facebook, Inc. Alphabet, Inc. and Amazon.com, Inc. are all reporting after the bell today. We’ve picked Amazon.com, Inc. as one of our stocks to watch because in pre-market trading it performed the best, rising by 0.4-percent.
Pre-market trading comparison: Apple, Inc. gained 0.2-percent, Alphabet, Inc. gained 0.3-percent, and Facebook, Inc, gained 0.2-percent.
Estimates put Amazon’s second-quarter revenue at $81.53-billion, with earnings per share of $1.46 each.
Ford Motor Company (F) – $6.91
Ford Motor Company (F) will post its second-quarter earnings after the bell today. Despite news sentiment being positive but bearish, pre-market trading shows an early 0.6-percent slip which could be the start of a trend.
The estimate says Q2 earnings will have a revenue of $15.95-billion, and earnings per share at a loss of $1.17 each. With Q1 also coming in below estimate and pre-market trading looking cautious, this could be an interesting day for Ford Motor Company. It’s definitely one of the stocks to watch.