20 May Watchlist 👀

Table of Contents

 

Today we are watching…

1.  International Game Technology (#igt)

US gaming equipment manufacturer, IGT, is on the earnings chopping block today and analysts are unsure about its chances of beating estimates. The share has been struggling to break out of a long term downtrend and is currently down -46.74% on a 52-week basis. Moreover, A number of downwards earnings revisions in the lead up to today has put a slight dampener on today’s announcement. However, a positive outcome could give investors a reason to consider the stock undervalued. Stay tuned

2. Nokia (#nok)

Finnish telecoms provider, Nokia, bumped up 2% this morning after Google suspended its business with Huawei in line with President Trump’s executive orders to cut ties with the Chinese smartphone maker. The shockwave also boosted Samsung, which also rose more than 2% in response to the news. Nokia recovered roughly 9.5% towards the end of last week to reduce the pain of a full month of short-selling, but perhaps this ban on Huawei could be its ticket to a potential recovery. Keep an eye on this one. 

Avengers Crushes Box-Office Records

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