Macroeconomic Uncertainty To Weigh On Chevron Stock
May 7th, 2021 by Trefis Team
With the progress in mass vaccination across the world, demand for oil & gas trimmed the high inventory levels in the U.S. and OECD countries. In the recent ministerial meeting, OPEC remains committed to curtailing production as a resurgence ...
Citrix Systems Stock To Rise After Fall Post Earnings?
May 7th, 2021 by Trefis Team
Citrix Systems (NASDAQ: CTXS), is a software company which provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies. The company saw its stock fall by 13% over the last five t...
Adobe’s Stock To Continue Its Rally?
May 7th, 2021 by Trefis Team
[Updated 05/07/2021] Adobe Update Adobe’s stock (NASDAQ: ADBE) has the potential to grow by more than 16% in the near term. ADBE’s stock grew from $175 at the end of Dec 2017 to $491 now, compared to the S&P 500 which gained 55% si...
After A Steep Fall, Is Penn National Gaming Stock A Reasonable Pick?
May 7th, 2021 by Trefis Team
[Updated 5/07/2021] Per the Q1 earnings report, Penn National Gaming (NASDAQ: PENN) remains committed to the long-term success of its sports betting application with a target to achieve leadership position in all states. Barstool reported a 16...
Weak Demand Could Lead Western Digital Stock To Drop To $60
May 7th, 2021 by Trefis Team
Western Digital stock (NASDAQ: WDC) is up more than 30% since the beginning of 2021, and at the current price near $69 per share, we believe that Western Digital stock has around 15% potential downside. Why is that? Our belief stems from the f...
Should You Buy Abercrombie & Fitch Stock At $41?
May 7th, 2021 by Trefis Team
Abercrombie & Fitch Co. stock (NYSE: ANF), a specialty retailer selling casual clothing and footwear, has increased by almost 4% over the last five trading days (one week) and currently stands at around $41. It should be noted that the broade...
What Zynga’s Q1 Results Say About Its Stock
May 7th, 2021 by Trefis Team
[Updated: 5/7/2021] ZNGA Q1 Update The stock price of Zynga (NASDAQ:ZNGA) has seen a 12% growth year-to-date and we believe that it is likely to continue its rise in the near term, despite the company’s Q1 earnings coming in slightly below...
Is Credit Suisse Stock Fairly Priced?
May 7th, 2021 by Trefis Team
Credit Suisse stock (NYSE: CS), the second-largest Swiss bank after UBS, lost roughly 20% – decreasing from about $13 at the beginning of 2020 to around $10 currently, underperforming the S&P500, which grew 12% over the same period. ...
Crocs Stock Up 30% In A Week – What’s Happening?
May 7th, 2021 by Trefis Team
Crocs stock (NASDAQ: CROX), a company designing, manufacturing, and marketing footwear for men, women, and children under the Crocs brand, experienced a robust 31% gain over the last week (five trading days) to levels of around $106 currently. Cr...
What To Expect From Electronic Arts’ Q4?
May 7th, 2021 by Trefis Team
[Updated: 5/7/2021] EA Fiscal Q421 Earnings Preview Electronic Arts (NASDAQ: EA) is scheduled to report its fiscal Q4 2021 results on Tuesday, May 11. We expect the company to likely post revenue and earnings below the consensus estimates. Elec...
Forecast Of The Day: WW International Digital Subscribers
May 7th, 2021 by Trefis Team
What? WW International’s (NASDAQ:WW) Digitial Subscriber base has increased meaningfully, rising from 3.6 million in Q1 FY’20 to about 4.2 million in Q1 FY’21. Why? Through Covid-19, customers have preferred to stay home and...
Company Of The Day: ArcelorMittal
May 7th, 2021 by Trefis Team
What? ArcelorMittal (NYSE:MT) saw net profits surge to about $2.3 billion in Q1’21, compared to a loss of $1.12 billion in Q1’20, driven by an increase in steel prices. EBITDA also jumped 3.3x year-over-year to $3.24 billion from $9...
Steady Revenue Growth Could Drive Colgate-Palmolive Stock To $90
May 6th, 2021 by Trefis Team
Up more than 1.3x from its low in March 2020, at the current price of $81 per share, we believe Colgate-Palmolive stock (NYSE: CL) has further upside potential. The stock has risen from $62 to $81 off its March 2020 low, much less than the S&am...
More Room For Growth In Hess Corporation Stock?
May 6th, 2021 by Trefis Team
The shares of Hess Corporation (NYSE: HES) have recovered to pre-Covid levels supported by stable benchmark prices and a strong balance sheet. Given the resurgence of coronavirus cases in various countries, OPEC has not eased production cuts and ...
What Drove U.S. Steel Stock Up 15% In A Week?
May 6th, 2021 by Trefis Team
U.S. Steel Corp stock (NYSE: X) increased over 15% in just the last one week (five trading days). This rally was mainly driven by the overall positive sentiment with respect to the stock. Credit Suisse upgraded the stock to “outperform” from “u...
