5/06/2021 Watchlist Charts
5/6 Thursday Watchlist
$UBER – Beat Q1 earnings expectations powered by delivery business growth. Their gross bookings were $19.54B vs $18.07B expected and revenue was $2.9B vs $3.29B expected. Net loss was $108M, which was a significant improvement from Q4 2020, at $968M. They were hit with a $600M UK drivers’ bill after being forced to classify them as workers. Shares sold off to the $48.5 range after hours. If it can hold these levels, expect a nice bounce for a long position.
$FUBO – Has been selling off along with the growth sector and went as low as $17.8 after hours. Support is at $17.3, so watch that level for a potential bounce.
$ROKU – Reports Q1 earnings tomorrow after hours. Analysts expect Roku to report a first-quarter net loss of 13 cents a share, according to FactSet, with sales of about $491.6 million. Analysts expect net added users to hit 3.2 million during the quarter, bringing active accounts to 54.16 million by the end of the period, according to FactSet. Roku stock was caught in a broader selloff earlier this year for high-flying technology firms that added customers during the pandemic. Roku has been active this year building out its free, ad-supported streaming service called The Roku Channel. Following the recent drops, some analysts suggested buying the dip, but a rebound in the shares has yet to be seen. Of the 29 analysts listed by FactSet, 21 have Buy ratings, while only two are bearish. The mean price target is $483.94, well above its recent levels.
$SQ – This morning, KeyBanc maintained an Overweight rating on the stock and raised its price target from $275 to $300. KeyBanc analyst Josh Beck attributes price target raise to, “Swelling consumer interest in investing and crypto is likely to be a tailwind to users, engagement and ARPU.” Earnings are tomorrow after hours, Zack’s has an Earnings ESP (Expected Surprise Prediction) of -4.98%.