9 Stocks To Watch This October 2020: CSX, HPE, And More

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Looking for some stocks to watch this October 2020? You’ve come to the right place. Here are seven juicy picks perfect for you to do due diligence on.

Disclaimer: This is not financial advice. Our nine stocks to watch are purely to help you discover new stocks so that you can research.

9. Stocks To Watch This October: CSX Corporation (CSX)

HEADLINE: The mixed third quarter results get masked by a board announcement that the company has authorized a $5-billion share repurchase program. This news makes CSX one stock to watch over the coming weeks.

LATEST TRADING:

  • CSX Corporation reported Q3 results on October 21, 2020. Revenue was reported at $2.65-billion, $32-million below-the-estimate.
  • Revenue per share narrowly beat-the-estimate, reporting at $0.96 each, $0.04 above-the-estimate.
  • During trading on October 21, share value fell from $79.87 to $78.72.
  • However, during pre-market trading on October 22, CSX increased by 4.2-percent. Climbing back to $82.05.
  • Research firms Bernstein and Evercore ISI Group upgraded their outlook to outperform in October 2020. Setting targets of $94 and $90 respectively.

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8. Hewlett Packard Enterprise Company (HPE)

HEADLINE: Hewlett Packard Enterprise Co. issued an improved guidance for their 2021financial year.

LATEST TRADING:

  • The new guidance puts earnings per share between $1.56 and $1.76 each, compared to previous guidance of $1.46 to $1.65 each.
  • This positive news made HPE shares climb in value by 2.5-percent during after-hours trading on October 15, 2020. Moving from $9.87 to $10.13.
  • Hewlett Packard’s next financial report is expected on November 23, 2020.
  • HP’s Q3 2020 report beat-the-estimates. With revenue reporting at $6.82-billion, $756-million above-the-estimate. Earnings per share were reported at $0.32 each, $0.09 above-the-estimate.
  • On October 16, 2020, research firm UBS maintained their target price of $10.50 for HPE.

7. Kronos Bio, Inc. (KRON)

HEADLINE: KRON launched October 9, 2020. The IPO price per share was $19.

LATEST TRADING:

  • Kronos Bio, Inc. (KRON) closed on Friday 9, 2020 at $27.07, a 42-percent increase in initial IPO value.
  • The company focuses on clinical-stage novel cancer therapeutics.
  • During early trading on Monday, October 12, 2020, KRON was climbing and had reached $28.82.

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6. General Motors Company (GM)

HEADLINE: For the first time in two years General Motors increased quarterly sales in China. Gaining 12-percent in year-over-year sales.

LATEST TRADING:

  • Despite the positive news shares slipped 0.2-percent, dropping to $32.16 on October 9, 2020.
  • During General Motors Q2 report the company reported below-the-estimate. With revenue coming in at $16.78-billion, $532-million below-the-estimate. With earnings per share coming in at a loss of $0.50, $1.27 better-than-the-estimate.
  • General Motors’ next report is expected on October 27, 2020.
  • Analysts Barclays considers the stock overweight at $39, while Citigroup considers GM a buy at $54.

5. Levi Strauss (LEVI)

HEADLINE: The company exceeded estimates in their latest financial report which resulted in a surge during after-hours trading.

LATEST TRADING:

  • Levi Strauss (LEVI) reported Q3 2020 earnings on October 6.
  • Revenue was reported at $1.06-billion, $240.76-million above-the-estimate.
  • Earnings per share were reported at $0.08 each, $0.30 above-the-estimate.
  • During after-hours trading, shares climbed 10.6-percent. Moving from $14.74 to $16.30.

4. Masimo Corporation (MASI)

HEADLINE: The company delivered a strong preliminary forecast for their upcoming October 27 Q3 report, resulting in an after-hours surge.

LATEST TRADING:

  • Masimo Corporation (MASI) announced that its revenue forecast for Q3 had moved from $243.66M to $274M-$278M.
  • Plus the company increased its Financial Year 2020 Sales Guidance, from $1.07B Estimates to $1.124B-$1.128B.
  • The company’s Q2 report said revenue was $10.86-million above-the-estimate, at $300.95-million. Plus earnings per share were reported at $0.85 each, $0.04 above-the-estimates.
  • During after-hours trading, shares increased 0.4-percent, from $10.6-percent. Moving from $239.98 to $241.

3. Constellation Brands, Inc. (STZ)

HEADLINE: Constellation Brands, Inc. announced its Q2 earnings October 1, 2020, and beat-the-estimates.

LATEST TRADING:

  • Q2 revenue was reported at $2.26-billion, $70-million above the estimate.
  • Q2 earnings per share were reported at $2.76 each, $0.26 better-than-the-estimate.
  • During trading on October 1, 2020, STZ shares fell from $185.54 to $184.60.
  • During the five days before the Q2 report, STZ climbed from $180.53 to a peak of $189.97.
  • Before the COVID-19 market slump between February and March, STZ was $207.40. It has been recovering gradually ever since April 5, 2020.

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2. ConAgra Foods, Inc. (CAG)

HEADLINE: ConAgra Foods, Inc. announced its Q1 earnings October 1, 2020, and beat-the-estimates.

LATEST TRADING:

  • Q1 revenue was reported at $2.68-billion, $69-million above the estimate.
  • Q1 earnings per share were reported at $0.70 each, $0.13 better-than-the-estimate.
  • During trading on October 1, 2020, CAG shares climbed from $35.02 to $35.87.
  • During the five days before the Q1 report, CAG climbed from $34.82 to a peak of $35.87.
  • Before the COVID-19 market slump between February and March, CAG was $32.69. It has been recovering gradually ever since March 8, 2020.

1. PepsiCo, Inc. (PEP)

HEADLINE: PepsiCo, Inc. announced Q3 earnings today before the opening bell and beat-the-estimates.

LATEST TRADING:

  • Q3 revenue was reported at $18.09-billion, $861-million above-the-estimate.
  • Q3 earnings per share were reported at $1.66 each, $0.17 above-the-estimate.
  • During trading on October 1, 2020, PEP shares climbed from $138.38 to $140.80.
  • During the five days before October 1, PEP climbed from $131.28 to a peak of $139.23.
  • PepsiCo, Inc. will report Q4 earnings on February 11, 2021.

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