McDonald’s Corporation (NYSE:MCD), Caterpillar Inc. (NYSE:CAT), Verizon Communications Inc. (NYSE:VZ), Mobileye NV (NYSE:MBLY) – 4 Stocks to Watch Before the Market Opens Tomorrow
MCD: McDonald’s recovery is poised to hit its first roadblock. An analyst at Credit Suisse recently downgraded the stock and cut same store sales estimates amid a broader consumer pullback and Brexit concerns. McDonald’s has a huge presence in Europe with the region accounting for 37% of its total revenue. Any indication of Brexit or currency headwinds in the analyst call could send the stock plunging.
In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More
CAT: Despite weak earnings the past few quarters, shares are up 15% since the start of 2016. Better than expected results from competitor Joy Global, could bode well from Caterpillar on its road to reignite earnings growth. Expectations are still relatively muted given the uncertain state of the global economy and manufacturing industry.
VZ: After its acquisition of Yahoo, all eyes and ears will be on the earnings call. Any indication of how Yahoo fits into its long term plans could swing the stock. Also looking for what implications the strike had on earnings. It wouldn’t be surprising if results were weaker than expected given the strike monopolized a good portion of the quarter.
MBLY: The last three quarters have seen both earnings and revenue growth greatly tail off. Expectations for the quarter to be reported are falling in line with the slowing trend. It will also be interesting if there is any fallout from the growing stigma surrounding driverless cars. Despite concerns from the Tesla accidents the stock is still up over 15% since the start of the year.
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