8 August Watchlist 👀
Today we are watching…
1. Uber Technologies (#uber)
This notorious ride-sharing app must pull a rabbit from the hat today as earnings come due. Since it went public alongside archrival Lyft a few months ago, Uber’s stock has only staggered forward. While the US ride-sharing market appears to be a two-horse race between Uber and Lyft, competition in UberEats has cast doubts over profitability. Some sturdy figures today from the company could make predicting its future far easier, a tricky task that analysts have attempted today. They’ve predicted an unimpressive $3.33 loss, on a more impressive $3.41 billion haul in revenues.
2. Activision Blizzard (#atvi)
Investors standing behind this video-game maker sure have faced a blizzard over the past year. Since the stock tanked in October from all-time highs, shareholders in Activision Blizzard have only watched 2019’s thunderous market gains from the sidelines. For Blizz, it’s all about eSports! The company wants to crack the competitive gaming market as winning prize pots grow bigger and bigger. Beating earnings today could lift the stock out of the doldrums, and get investors back on a path to beating the market themselves this year. Analysts predict $0.26 in profit per share on $1.2 billion in revenues.