Monday’s Headlines: A Big Week Ahead

Monday’s Headlines: A Big Week Ahead

Here were the biggest movers in the MyWallSt shortlist last Friday:

Moving Up ⬆️

Boston Beer Co. (SAM) +25.7%

Texas Roadhouse (TXRH) +3.4%

Chuy's (CHUY) +3.4%

Take-Two Interactive (TTWO) +3.0%

Markel Corp (MKL) +2.8%

Moving Down ⬇️

DocuSign (DOCU) -3.8%

2U (TWOU) -3.9%

Nautilus (NLS) -3.9%

Pure Storage (PSTG) -4.2%

Tesla Motors (TSLA) -6.3%

1. It’s going to be a busy week on Wall Street as a host of earnings take place, and negotiations for a new stimulus package continue. Anticipation for earnings has the market in the green on Monday morning, but only marginally, with McDonald’s (MCD), Pfizer (PFE), Alphabet (GOOG), Apple (AAPL), and Amazon (AMZN) amongst the companies slated to release their latest quarterly figures this week. Through Friday’s close, 128  of the S&P 500’s (VOO) members had reported earnings, with 81% of them beating analyst expectations despite the impact of the coronavirus. Read the full story here.

2. It might be a bit too early for a drink, but Boston Beer (SAM) has plenty to celebrate after hitting an all-time high on Friday. The Sam Adams-maker saw its stock soared almost 26% before the market closed for the weekend after a blowout Q2 saw it report a revenue jump of 42% with net income rocketing up 116%. In fact, it’s not the beer that’s driving such sales, but rather its hard seltzer and ‘Truly’ hard lemonade, which has “ accelerated and continues to grow beyond our expectations," according to CEO Dave Burwick. Read the full report here.

3. All good things come to an end, or so someone should inform Tesla (TSLA) investors, as the automakers scorching rally ground to a halt on Friday with a 6.3% drop due to a market-wide sell-off. Tesla has risen 240% YTD, and investors are now nervously waiting to see if it will be added to the S&P 500 or not. However, storm clouds are gathering as Tesla analysts in the bear camp still remain skeptical of the company, judging it to be overpriced as it has gone from being the least valuable automaker to the most valuable in the world over the last 12 months. Read more here.

Earnings today

There is one company in the MyWallSt shortlist that will report earnings today:

  • Hasbro

JamieJamie

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