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Today we are watching…
1. Shaw Communicationsย (#sjrbc)
Investors in this Canadian telecoms company will tell you what a rare gem it is for its space. It was caught in the crossfire of unreasonably high earnings expectations last quarter and struck down by the coronavirus just as investors were realizing the runway of growth ahead, repricing its undervalued shares. Some market players think that if Shaw beats earnings expectations today, there could be a positive catalyst waiting for the stock. This isnโt a company fighting for its corporate survival, and it wonโt display fireworks during the next bull run, but it could make for a great hold play. Itโs aiming to beat $0.27 in profit-per-share on $1.05 billion in revenue, feeling lucky?
2. Amazon (#amzn)
Amazon has a lot on its plate right now. The majority of retail purchases in America are going through its website, and the majority of retail purchases going through its website are for household essentials. Employees at fulfillment centers are being worked to the bone, and theyโre incensed. They feel like slaves, forced to risk their health to preserve Jeff Bezosโs fortune as investors scrutinize sales figures. Thatโs why the company has just decided to suspend Amazon Shipping in June, the in-house fulfillment operation that runs in competition with FedEx and UPS. This suggests a stock-hurting slow shutdown. However, investors are getting mixed signals. The company just accelerated its drone-usage to deliver parcels! How will this play out?