29 March Watchlist 👀

 

Today we are watching…

1. CarMax (#carmax)

Used vehicle retailer, CarMax, is on track to produce its earnings today and analysts are cautiously optimistic about the announcement. Despite having a choppy start to 2019, analysts have grown increasingly bullish on the stock in the lead up to today. The company has been expanding its reach throughout the US, opening four new stores since the start of 2019 with the intention to open eight more within the next 12 months. The stock is currently trading 27% below its 52 week high and may have considerable upside if it brings forward some good results today. 

2. Nielsen (#nlson)

Nielsen fell off an 11.15% cliff yesterday after two major private equity firms, Blackstone and Apollo Global Management, were reported to be losing interest in a potential takeover of the company. Blackstone was initially putting together a $10bn bid for the company, but has recently backed off in the face of its $8bn debt pile and weak growth prospects. Nielsen will have to look for new buyers, but after this fiasco they may be harder to find than it would like!

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