Today we are watching…
1. Constellation Brands (#constb)
Alcohol retailer, Constellation Brands, is looking good ahead of its earnings announcement today. Its last two earnings reports have been serious blockbusters, giving analysts an upbeat feeling about its chances at a third consecutive beat. Its share price is down 21% in a 52-week period, but has gained some traction this week, rising over 4% in the lead up to today’s announcement. The consensus EPS estimate is $1.72 (-9.5%) on revenue of $1.73bn (-2.3%).
2. Advanced Micro Devices (#amd)
AMD led an incredible surge alongside other chipmakers, such as Micron Technology, Western Digital and Skyworks Solutions yesterday after positive trade war sentiment sent them all skyrocketing upwards of 5%. AMD was the pick of the litter, rising 8.49% on the day and a whopping 17.12% over the last week. The stock is just 10% below its all-time high and looks like it may mount an effort to challenge it in the not too distant future. Worth watching closely!