Monday’s Headlines: The Busiest Week Of Earnings

Monday’s Headlines: The Busiest Week Of Earnings

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

Moving Up ⬆️

Stitch Fix (SFIX) +18.1%

Teladoc (TDOC) +7.1%

Silicon Valley Bank (SIVB) +5.4%

Eventbrite (EB) +4.8%

TrueCar (TRUE) +4.5%

Moving Down ⬇️

Chegg (CHGG) -3.5%

Spotify (SPOT) -2.7%

Netflix (NFLX) -2.5%

Match Group (MTCH) -2.4%

Autodesk (ADSK) -2.4%

1. It looks like investors are excited about earnings season’s busiest week, with stock futures rising pre-market today. The Dow Jones (DIA), S&P 500 (VOO), and Nasdaq Composite are all trading in the green, for now, having finished with a mixed bag following the Presidential Inauguration last week. With big market-movers such as Apple (AAPL) and Facebook (FB) showing us their books, as well as a continued effort by President Biden to push through his $1.9 trillion stimulus plan, investors can expect some fluctuation this week. Get a full earnings calendar for MyWallSt stocks reporting this week here.

2. With the whole Nikola Motors (NKLA) debacle firmly in our rear-view mirror, it seems that Tesla (TSLA) wants to fill the electric Semi truck void left behind. Three recent job listings for “Semi-Truck production lines” show that Musk & Co. are moving ahead with these plans after repeatedly delaying production in recent years. Having already taken reservations for the trucks from companies such as Anheuser-Busch, DHL Group, and more, Tesla will be expected to deliver big on its promise of 300-500 mile range versions of the Semi that can do 0-60 mph in five seconds. Read the full story here.  

3. Yet another analyst upgrade saw shares in personal styling service Stitch Fix (SFIX) soar more than 18% on Friday. Analyst firm KeyBanc raised its price target on the firm from $65 to $95 per share, while also reiterating its overweight rating on the stock, which means that they expect Stitch Fix’s share price to beat the broader market over the next year or so. The stock is setting all-time highs on a daily basis at the moment and has delivered a 253% return since it was added to the MyWallSt shortlist in April 2019. With sales rising 10% year-over-year in its December earnings report, investors will be keeping a close eye on its end-of-year earnings, expected to be released in early March. Read our full opinion on Stitch Fix here.


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