Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

5 Stocks To Watch After Wednesday's U.S. Close

Published 10/19/2016, 10:32 AM
Updated 07/09/2023, 06:31 AM

Earnings Expectations

eBay (NASDAQ:EBAY): eBay’s dominance in the late 90s and early 2000s has largely disappeared thanks to the emergence of Amazon.com (NASDAQ:AMZN) and other online retailers. This had resulted in a string of dismal earnings and a sell off in the stock. Until recently, its prospects appeared limited. Its recent departure from PayPal (NASDAQ:PYPL) put a thorn in the side of investors as the online payment platform continued to succeed. Now after a few stronger-than-expected quarters under its belt, analysts are optimistic that this upcoming report will be strong. The company has taken several initiatives to improve user engagement and thereby revenue. They include using technological applications to more accurately target customers, shifting toward a fixed-pricing model -- as opposed to its legacy auction business -- and revamping policies to reward those who provide quality services. Additionally, the acquisition of Ticketbis will help expand its Stubhub brand beyond North American markets.

American Express (NYSE:AXP): Shareholders will get their first look at American Express without Costco (NASDAQ:COST) in the upcoming quarterly report. This marks the first period that AMEX won’t receive any kickbacks from the Costco partnership after the wholesaler parted ways in favor of Visa (NYSE:V). The combination of soft consumer spending and the lost partnership has analysts cautious heading into this report. The Estimize community is calling for an 18% drop on the bottom line and 6% on the top. This is a significant blemish on its track record, which included flat revenue and robust EPS growth.

Citrix Systems (NASDAQ:CTXS): Its impressive product portfolio of desktop virtualization, networking and cloud-computing technologies has driven robust growth in recent quarters. In fact, the company has consecutively beat on the top and bottom line in each of the past 4 quarters. Analysts are optimistic that Thursday’s report can continue this winning streak, but it won’t be that simple. Despite consistently beating estimates, growth has seen a marked deceleration over the last 4 quarters, which has also translated to the stock. When compared to some of its competitors, the stock’s 12.5% gains this year look unimpressive. Meanwhile, increasing competition and ongoing pressure from foreign-exchange volatility could drag growth down even further.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Mattel (NASDAQ:MAT): Shares of Mattel are up nearly 3% in the past 5 days, following fellow toymaker Hasbro's (NASDAQ:HAS) better-than-expected quarterly earnings. This bodes well for Mattel and its shareholders who were otherwise forecasting another weak report. Mattel has been playing catchup to Hasbro after losing the Disney (NYSE:DIS) princess license in late 2015. Its flagship products have also been struggling until a recent turnaround. Core brands such as Fisher-Price, Hot Wheels and Mega Bloks have started to gain traction while it’s Barbie rebranding has been wildly successful.

Xilinx (NASDAQ:XLNX): Xilinx has been firing on all cylinders due in large part to improving demand in wireless and wired communication segments and greater adoption in the Automotive, ISM, Test and Aerospace and Defense markets. Additional efforts to tap into rapidly growing cloud sectors, mainly 5G, will boost top-line growth. Expectations are exceedingly higher that Xilinx will build on its recent winning streak in the quarter to be reported.

How do you think these names will report?

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.