Get Real: Third-Quarter Roller Coaster
In today’s Get Real, we saw that several third-quarter results are out and all over the board. We also have recommendations for stocks to watch going forward.
Oct. 23 2019, Published 11:21 a.m. ET
In today’s Get Real, we saw that several third-quarter results are out and all over the board. We also have recommendations for stocks to watch going forward.
Must-knows
Lyft and GameStop are soaring
Lyft and GameStop stocks had a really great day yesterday. Both stocks beat analysts’ expectations. Overall, optimism increased.
Nvidia stock surged
Nvidia stock rose yesterday. Wells Fargo raised its 12-month target price. Positive progress with US-China trade negotiations also helped the stock.
McDonald’s disappointing Q3 earnings
McDonald’s third-quarter earnings were released on Tuesday. The company had lackluster results. However, McDonald’s global comparable sales beat analysts’ expectations.
UPS stock fell
UPS reported great third-quarter earnings on Tuesday. However, the company’s revenues didn’t quite meet analysts’ expectations and the stock fell considerably.
JetBlue released strong Q3 earnings
JetBlue Airways released its third-quarter results yesterday and beat analysts’ expectations. Higher revenues and lower fuel costs drove the company’s earnings.
Lockheed Martin’s mixed bag
Lockheed Martin also released its third-quarter earnings results on Tuesday. The company’s 2020 guidance expectations disappointed the market. However, the company’s revenues beat analysts’ estimates.
What to watch for
Aurora Cannabis’s Q1 expectations
Aurora Cannabis is set to release its earnings for the first quarter of fiscal 2020 next month. Can the first quarter boost the company’s stock price? Notably, the fourth quarter was disappointing for Aurora Cannabis.
Under Armour stock rose
Under Armour stock rose yesterday. The company announced that its founder and current CEO, Kevin Plank, won’t be the CEO as of January. Patrik Frisk will step into the position at that time.
Will the Dow Jones reach a record high or crash?
The Dow Jones Industrial Average Index is extremely close to reaching an all-time high. Positive US-China trade talks could boost the markets, but a setback could damage the index.
Tesla’s Q3 results today
Tesla’s third-quarter earnings report is set to be released today. Analysts expect the company to experience losses. We discussed other factors that investors should take into consideration.
Two tech stocks to watch
High-growth tech stocks have been losing market value since September. Recently, the conditions have been turning around for the stocks. Investors might want to take a closer look at Alteryx and Twilio.
