5 Stocks To Watch This Week: HIBB, BIG, DELL, HPQ, & GPS
Swipe down to see our top-5 stocks to watch this week.
1. Stocks To Watch This Week: Hibbett Sports, Inc. (HIBB) – $30.10
HEADLINE: Hibbett Sports, Inc. (HIBB) will be reporting second-quarter results before the opening bell today and estimates put numbers well above Q1.
- Q2 revenue is estimated to be $349.58-million.
- Earnings per share are estimated to be $1.15 each.
FLASHBACK: Here’s Q1’s mixed bag results:
- Q1 revenue was reported at $269.84-million, $26.17-million above-the-estimate.
- Earnings per share were reported at $0.31 each, $0.34 below-the-estimate.
LATEST TRADING: During after-hours trading HIBB shares increased by 6.5-percent, from $30.10 to $32.05.
TRENDS: The key milestones over the last 52-weeks include:
- On September 1, 2019, HIBB shares were valued at $15.49.
- Share value climbed to a peak in November, increasing to $28.69.
- HIBB value arced downwards after. Hitting a low of $9.71 on March 29, 2020, after the COVID-19 market slump.
- Since then shares have increased constantly, with a recent surge happening between August 16 ($25.51) and present value.
In October 2016 HIBB hit a $40.25 valuation. Positive results today, latest trading, and recent trends could see HIBB moving closer to those earlier share values.
For these reasons, HIBB tops our stocks to watch this week update list.
2. Big Lots, Inc. (BIG) – $55.71
HEADLINE: One company that reported early and beat-the-estimates today was Big Lots, Inc. (BIG).
- Q2 revenue was reported at $1.64-billion, $34-million above-the-estimate.
- Earnings per share were reported at $2.75 each, $0.05 above-the-estimate.
- The company announced a $500-million buyback program.
LATEST TRADING: In pre-market trading BIG shares increased by 5.8-percent, rising from $55.71 to $58.94.
NEWS SENTIMENT: BIG has Bullish news sentiment, currently at 84.23-percent positive.
TRENDS: BIG has more than 4x March’s slump value, and doubled its pre-COVID-19 52-week high:
- Between September 1, 2019, and May 10, 2020, BIG shares ranged in value between $19.42 and $29.08.
- The one exception to the above was in March 2020 during the COVID-19 slump, BIG shares fell to $12.10. Remaining out of the above range for seven weeks.
- Since March 15 ($12.10) BIG shares have continuously climbed but have not surpassed earlier values. BIG was valued at $60.78 in December 2017.
The big question is whether Q2’s positive results will drive BIG shares above their 5-year high-point. This question makes BIG one of our top five stocks to watch this week.
3. Dell Technologies, Inc. (DELL) – $62.65
HEADLINE: Dell Technologies, Inc. (DELL) delivered better-than-expected second-quarter results on Thursday.
- Q2 revenue was reported at $22.78-billion, $255-million above-the-estimate.
- Earnings per share were reported at $1.92 each, $0.53 above-the-estimate.
- However, it was also reported that revenue had decreased by 2.9-percent year over year.
- Plus, earnings per share were down by 10.7-percent year over year.
FLASHBACK: Throughout August, research firms have maintained their status and targets.
- Citigroup maintained its Buy status with a target of $75.
- While Morgan Stanley maintained their Overweight status with a target of $70.
LATEST TRADING: During the pre-market trading session DELL shares increased by 3-percent. Rising from $62.65 to $64.27.
TRENDS: Like most shares, DELL dipped mid-February to a peak low of $32.49 on March 15. Since then DELL has gone one way and that’s up.
DELL’s 5-year peak was $67.41 back in March 2019. Considering shares are already at $64.27 during pre-market trading, could today give DELL a new 5-year high? It’s definitely worth watching out for.
4. Hewlett-Packard Company, Inc. (HPQ) – $18.69
HEADLINE: Hewlett-Packard Company, Inc. (HPQ) delivered better-than-expected third-quarter results on Thursday and an updated guidance on the 2020 financial year.
- Q3 revenue was reported at $14.29-billion, $984-million above-the-estimate.
- Earnings per share were reported at $0.49 each, $0.06 above-the-estimate.
- The report also adjusted Q4 estimates for earnings per share, from $0.50 to $0.50-0.54 each.
- Additionally, the financial year EPS was adjusted, from $2.10 to $2.16-2.20 each.
- Despite beating estimates and positive financial year adjustments, revenue had declined by 2.12-percent year over year.
- Plus, earnings per share had also decreased year over year, by 15.52-percent.
LATEST TRADING: During pre-market trading HPQ shares gained 2.9-percent, rising from $18.69 to $19.25.
NEWS SENTIMENT: Despite the better-than-expected report, news sentiment surrounding HPQ is bearish, with only 63-percent of news coverage being positive.
TRENDS: The top takeaway is that HPQ has not recovered to pre-COVID-19 slump values yet.
- From November 10, 2019 to March 1, 2020, HPQ ranged between $20.18 and $22.70.
- On March 15, 2020, HPQ was $13.96.
With the pre-market trading, today might just be the day it does finally recover.
5. Gap, Inc. (GPS) – $17.38
HEADLINE: Gap, Inc. (GPS) reported better-than-expected second-quarter results on Thursday.
- Q2 revenue was reported at $3.28-billion, $365-million above-the-estimate.
- Earnings per share were reported at a loss of $0.01 each, $0.40 better-than-the-estimate.
- Revenue was down by 18.23-percent when compared against the same period last year.
- Earnings per share were also down by 114.29-percent when compared against the same period last year.
- During the report Gap, Inc. also announced that it had sold $130-million worth of masks during the second-quarter.
LATEST TRADING: During pre-market trading GPS shares dropped by 1.6-percent, from $17.38 to $17.10.
FLASHBACK: On August 25, Citigroup upgraded their status from Neutral to Buy, setting the target of $24.
NEWS SENTIMENT: GPS has 73.81-percent positive news coverage currently.
It could be a long way back for Gap, Inc., considering back in November 2017 GPS was valued at $34.06. For all the above reasons, GAP makes it on our stocks to watch this week list.