ย
Today we are watching…
1.ย Slack Technologies (#work)
ย One of the most recent debutants to the stock market is Slack, an office chat room app that’s done a fine job to give Microsoft a run for its money. The young company achieved its goal of disrupting Microsoft Teams by spreading like a weed across smaller workplaces, which in turn helped it score larger companies to its books that were willing to cough up for fully-fledged, enterprise solutions. It’s an email-killer, and it’s grown rapidly! Investors are still keen to see it branch out beyond tech firms, and they’ll get a progress report today as Slack reports its earnings numbers for the quarter. Analysts are predicting an $0.18 loss in profit per share on a healthy $140 million in revenue. Good luck to it!
2. Navistar (#nav)
Investors in this maker of military trucks are having their patience tested by the trade war. China had issued a softer stance on the economic conflict last week, trying to whisper sweet nothings in Trump’s ear to stem the damage. That didn’t last long! Immediately after tariffs from the White House automatically came into effect on Monday, China signed off on its very own. Luckily for Navistar, earnings results this quarter may be cushioned by a buses and trucks segment in full-drive. The firm is focused on the road ahead, knowing that with a fearless 125 million dollar investment in its factories, it can regain control of its own destiny. Navistar’s profit per share figure is tipped to hit $1.12 on $2.93 billion in revenue.