7 November Watchlist 👀

by 7 Nov, 2019

Today we are watching…

1.  Monster Beverage (#monsterb)

Monster energy drinks offer investors otherworldly profits, being distributed by Coca-Cola bottlers all around the world. If the company can keep a lid on the rising cost of making its drinks, it could be set for a rare earnings beat today. Monster Beverage has a knack for innovating new products and taking them to market with a bang, but some drinks step on the toes of other drinks and prove to be cannibalizing monsters. Monster Beverage has some catching up to do with the rest of the market, so beating analyst expectations of $0.54 in profit per share on $1.12 billion in revenues will go a long way.

2. GoPro (#gopro)

GoPro’s pre-mortem may already be written into its all-time low stock price! Despite being a household name, GoPro sells not very profitable action cameras to not very many people. The company has no competitive advantages and can’t rely on any drivers to compel active people to buy, especially when the quality of cameras on smartphones continues to rise every year. In a final bid to turn things around, investors want to see the current ecosystem of customers be monetized in a new way. Any talk of this would be a highlight in today’s earnings release, in which the firm is expected to hit $0.48 losses per share on just $307 million in revenues.

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