5 Stocks To Watch After The Market Closes Today (Thursday, Nov. 3)

GoPro (GPRO): GoPro is heading into its latest report with low expectations of making a  pronounced turnaround. The action camera maker has had its shares of ups and downs, mostly downs, since its 2014 IPO, most of which has been driven by mounting losses and decelerating revenue growth. Its product lineup was largely to blame for its woes but investors were recently given reasons to be hopeful heading into the holiday season. At a September event, GoPro announced the next iteration of its Hero line and its very first drone, the Karma drone. The Hero 5 hit shelves soon after the event while consumers are still waiting for the Karma drone’s highly anticipated debut. Regardless, both products have been well received and even attracted a slew of stock upgrades. Shares are virtually flat in the past 6 months after suffering significant losses earlier in the year.

Starbucks (SBUX): The coffee chain continues to expand at a rapid clip despite the feeling that there is already a Starbucks on every corner. Its expansion plans have taken the baristas overseas to China and India. These are currently two of the fastest growing regions in the world that are attracting an enormous amount of U.S. businesses. Meanwhile, Starbucks is improving its domestic operations with new digital offerings, Mobile Order and Pay, along with the release of its highly coveted fall lineup. Pumpkin Spice Lattes are typically it’s highest grossing drink that supports the top line during the holiday months. Comparable sales are expected to be driven by many of these factors but none more than the new breakfast sandwiches and espresso product lineup.

Activision Blizzard (ATVI): Activision has been the most promising of the three video game publishers. The company is firing on all cylinders and should have no problem topping expectations this quarter. Strong revenue growth is expected to be driven by a number of new and old sources. They include past successes such as Overwatch, Call of Duty (COD) and Candy Crush with more recent ones, including expansions for World of Warcraft and Destiny. Activision is much more than a video game publisher though. The company has made efforts to develop a more broad based media portfolio which features e-sports. The Call of Duty World Championships in early September was the most viewed COD event in history, surpassing more than 20 million views. With so much working in Activision’s favor, the bar might be set too high this quarter.

Las Vegas Sands (LVS): Shares are edging higher leading into the print after revenue from Macau gaming were reportedly up 8.8% in October. This marks the third consecutive month of gains out of China’s gaming hub and a signal for strong quarters from Wynn and LVS. The recent opening of its newest casino and the rebound in Macau are likely to contribute to a strong quarter report for Las Vegas Sands. Meanwhile growth in Las Vegas properties is likely to continue from supporting tourism trends in the region.

Arista Networks (ANET): Arista was knocked off track last quarter after slowing growth and weak guidance caused a sell off in the stock. Shares have since recovered but are now only up 9% in 2016. Arista is well positioned in the rapidly growing space of cloud networking which provides solutions to data centers and cloud computing environments. Unfortunately that also means that growth will continue to slow down as the industry matures. Arista won’t be alone in these troubles, as many of its peers have been hammered for decelerating growth.

Disclosure:None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.