Thursday, September 23

Hot Stocks

Hot Stocks, NASDAQ:AAPL, NASDAQ:AMZN, NASDAQ:OCGN

Ocugen Is Banking Big Time Off New Investors

Right off the bat, I wish Ocugen (NASDAQ:OCGN) the very best. Irrespective of whatever I feel about OCGN stock, the underlying biotechnology firm is on the cutting edge of advanced scientific research. Specifically, Ocugen's end game is to develop gene therapies to cure diseases that lead to blindness. Source: luchschenF / Shutterstock.com Instinctively, this mission statement piques curious investors' interest. I suspect that I'm not dissimilar to you when I say this: our most valuable sense is vision. Although not ideal, we can effectively work around losing our other four senses. But the gift and blessing of sight is something that we shouldn't take for granted. More importantly for OCGN stock, Ocugen has a rational basis for its pursuit of rare and underserved blindne...
Hot Stocks, NASDAQ:AMZN, NASDAQ:PLUG, NYSE:BE, NYSE:HD, NYSE:PG, NYSE:WMT

Plug Power Stock Faces a Critical Q2 Earnings Test

There are two contradictory trends at play when it comes to Plug Power (NASDAQ:PLUG) stock. The good news is that in the market of recent years, stories like Plug Power generally have played out well. Investors have paid ever-higher prices for businesses benefiting from secular growth, and generally ignored valuation concerns in the process. Source: Halfpoint/ShutterStock.com The bad news is that PLUG stock itself has been here before — and those rallies have not played out well at all. In late 2010, the stock doubled; the gains were gone in months. By 2013, Plug Power seemed destined for bankruptcy, and shares traded near zero. The stock promptly rallied to $7 in a little over year and dropped below $2 less than two years later. In 2017, the stock almost doubled, and gave b...
Hot Stocks, NYSE:RCL

Royal Caribbean Stock’s Dead Money Without a Widely Available Vaccine

Royal Caribbean (NYSE:RCL) will likely languish until there is a widely available vaccine for the novel coronavirus. RCL stock is going to be dead money until that happens. Source: Laszlo Halasi / Shutterstock.com Even assuming a vaccine is going to be produced by early next year, it may take a while before it gets to a critical population mass. That will be the trigger that will encourage large numbers of travelers to take cruises. (Norwegian travelers notwithstanding.) But the problem is, can RCL survive that long? Liquidity Questions On July 16, the company said it would extend the suspension of its sailings until Sept. 30. I suspect that the halt could end up being extended again at least until the end of the year. Royal Caribbean is going to announce its Q2 earnings and...
Hot Stocks, NASDAQ:ATVI

Activision Blizzard Earnings: ATVI Stock Ticks 1% Lower Even After Beating Q2 Estimates

Activision Blizzard (NASDAQ:ATVI) earnings for the video game company's second quarter of 2020 have ATVI stock down after-hours Tuesday. That's after reporting adjusted earnings per share of 81 cents, which is better than Wall Street's estimate of 68 cents. The company's revenue of $1.93 billion also beats out analysts' estimate of $1.7 billion. Source: madamF / Shutterstock.com Here's what else is worth noting about the most recent Activision Blizzard earnings report. Adjusted per-share earnings are 52.8% higher than the 53 cents from the same period of the year prior. Revenue for the quarter is sitting up 37.9% from $1.4 billion in the second quarter of 2019. Operating income of $749 million is a 122.9% increase year-over-year from $336 million. The Activision Blizzard ...
Hot Stocks, NYSE:PLNT

Planet Fitness Earnings: PLNT Stock Dips 3% Lower on Poor Q2 EPS

Planet Fitness (NYSE:PLNT) earnings for the gym chain owner's second quarter of 2020 have PLNT stock falling after-hours Tuesday. That's thanks to its adjusted losses per share of 32 cents missing Wall Street's estimate of 16 cents. However, its revenue of $40.23 million is better than analysts' estimates of $38.12 million. Source: Ken Wolter / Shutterstock.com Here's what else is worth mentioning from the most recent Planet Fitness earnings report. Adjusted per-share losses are a negative change from adjusted earnings per share of 45 cents during the same time last year. Revenue for the quarter comes in 77.9% lower than the $181.66 million reported in the second quarter of the previous year. Operating loss of $22.72 million is a massive decline year-over-year from an operat...
Hot Stocks, NASDAQ:BYND

Beyond Meat Earnings: BYND Stock Drops 7% Lower Despite Solid Q2 Results

Beyond Meat (NASDAQ:BYND) earnings for the plant-based protein company's second quarter of 2020 have BYND stock dipping lower after markets closed on Tuesday. The drop comes after reporting adjusted losses per share of 2 cents on revenue of $113.34 million. Wall Street was looking for an adjusted loss per share of 2 cents on revenue of $99.84 million. Source: Sundry Photography / Shutterstock.com Let's take a deeper dive into the most recent Beyond Meat earnings report below. Adjusted per-share losses are down from adjusted earnings per share of 5 cents in the same period of the year prior. Revenue for the quarter comes in 68.5% higher than the $67.25 million reported in Q2 2019. Operating loss of $8.17 million is a negative switch year-over-year from an operating income ...
Hot Stocks, NYSE:PAYC

Paycom Software Earnings: PAYC Stock Falls 6% on Q2 Revenue Miss

Paycom Software (NYSE:PAYC) earnings for the software company's second quarter of 2020 have PAYC stock falling after-hours Tuesday. That comes after reporting adjusted earnings per share of 62 cents, which matches Wall Street's estimate. Unfortunately, its revenue of $181.59 million is below analysts' estimate of $183.88 million. Source: STEFANY LUNA DE LINZY / Shutterstock.com Here's what else is worth mentioning from the most recent Paycom Software earnings report. Adjusted per-share earnings are down 17.3% from 75 cents during the same time last year. Revenue for the quarter comes in 7% higher than the $169.31 million reported in the second quarter of 2019. Operating income of $26.58 million is a 49.7% drop year-over-year from $52.89 million. The Paycom Software earnin...
Hot Stocks, NYSE:RL

Ralph Lauren Earnings: RL Stock Drops 5% After Missing Q1 Estimates

Ralph Lauren (NYSE:RL) earnings for the fashion company's fiscal first quarter of 2020 have RL stock taking a beating on Tuesday. That's due to its adjusted losses per share of $1.82 missing Wall Street's estimate of -$1.72. Its revenue of $487.5 million is also a far cry from analysts' estimates of $615.02 million. Source: Nickolastock/Shutterstock.com Here's what else went wrong for Ralph Lauren in its most recent earnings report. Adjusted per-share losses are a massive decline compared to adjusted EPS of $1.77 in the same period of the year prior. Revenue for the quarter is sitting 66% lower than the 1.43 billion reported in fiscal Q1 2020. Operating loss of $168 million is a negative change year-over-year from an operating income of $143.3 million. The Ralph Lauren ea...
Hot Stocks, NASDAQ:TREE

Lending Tree Earnings: TREE Stock Trims Off 8% Despite Q2 Beat

Lending Tree (NASDAQ:TREE) earnings for the lending marketplace company's second quarter of 2020 have TREE stock falling on Tuesday. That's despite its adjusted earnings per share of 46 cents beating Wall Street's estimate for a loss of 4 cents. Its revenue of $184.3 million also comes in above analysts' estimate of $175.38 million. Source: II.studio / Shutterstock.com Let's take a closer look at the most recent Lending Tree earnings report. Adjusted per-share earnings are down 61% from $1.18 during the same time last year. Revenue for the quarter comes in 34% lower than the $278.4 million reported in the second quarter of 2019. Operating loss of $7.55 million is a negative switch year-over-year from an operating income of $12.32 million. The Lending Tree earnings report ...
Hot Stocks, NASDAQ:AMZN, NASDAQ:NKLA, NASDAQ:TSLA, NASDAQ:WKHS, NYSE:NIO, OTCMKTS:LCDX

Nikola Stock Could Be a Long-Term Winner

Nikola (NASDAQ:NKLA) is one of the latest entrants into the electric-vehicle (EV) segment, and it will be drawing lots of attention for years to come. Demand for EVs in the US is stabilizing, and the market has proven its staying power. EVs will not be a passing fad. Tesla (NASDAQ:TSLA) has become the largest automobile manufacturer by market capitalization. But there are many varied, exciting names in the space, including Nikola stock. Source: Stephanie L Sanchez / Shutterstock.com Workhorse (NASDAQ:WKHS) is looking to corner the delivery portion of the industry. Rivian is working on a pickup truck and is building electric vans for Amazon (NASDAQ:AMZN). Lucid (OTCMKTS:LCDX) will produce a large sedan. Nikola will be looking to dominate the heavy-duty, tractor-trail...