Financial Movers

Earlier this week Intuit (INTU), the maker of Quickbooks, TurboTax, and soon Credit Karma, reported their quarterly earnings. The company beat analyst revenue expectations by $100 million, which is impressive! They also beat on earnings and increased net income while cutting expenses. Right now the company's stock is trading near an all time high, so is now a good time to buy? Were earnings enough to award this expensive stock a buy?

Since stepping in as CEO in 2014, Brian Cornell has transformed Target. He made the difficult decision to pull the company out of Canada and took a $5.4 billion hit by doing so. After that, he used company resources to propel the business model into the future. He's been able to increase sales, revenue, net income, EPS, and margins! The store has also increased its e-commerce and store pickup which is a clear shift from traditional in store shopping. Is now the time to invest in Target as it continues to trade at all time highs?

It's nearly the holiday season which means Black Friday is right around the corner. People have either already begun purchasing, or will begin purchasing Christmas gifts for their loved ones. What will they be buying? Next-gen consoles, computers, iPhones, and Macs. They'll be searching on Google for deals and buying them from vendors on Amazon. Historically, stocks are volatile and trend up near the holiday season and why should this year be different? Also, Tesla was added to the S&P500 this week which helped push the stock price higher today. Will the stock continue to rally?

Since recently making new all time highs, Alibaba (BABA) has dropped 18% TO $260. There's been a lot of pressure on the stock's price since ANT IPO was suspended and the Chinese government was announced to supposedly crackdown on big tech. But is this all smoke in mirrors? Alibaba recently posted 30% y/oy growth, which is impressive to say the least. The company beat analyst consensus on all revenue fronts and has managed to grow its user base post-Covid. Is this stock a buy on dip opportunity or should it be passed up?

Earlier this year Rocket Companies (RKT) went public. Their stock had an IPO open of $18 and soared to $34 before tumbling back down to $18. The company reported impressive quarterly earnings last week but the stock didn't budge higher. Is now a good time to jump into Rocket stock?

Earlier this week shares of Boeing rocketed 22% on positive vaccine news from Pfizer (PFE). Since June the company's stock has been trading in a downward channel because many investors are afraid to jump to buy given current uncertainty.

Earlier this week tech stocks sold off as money was rotated into other sectors. Pfizer released news that they had positive trial results for a Covid vaccine, so many investors sold their stay at home stocks. It makes sense for names like Zoom (ZM), and Peloton (PTON) to sell off, but what about the FAANG names? Why would people stop using Amazon (AMZN) and Apple (AAPL) just because there are no lockdowns? Maybe now is the time to buy on the dip!

Corsair Gaming just went public a few months ago and have been trending higher ever since. The company's stock has already gained nearly 80% in three months and many investors want to know if the rally can continue? The company just posted an earnings beat, but how good was the beat? Should investors consider jumping in as the market heads into the holiday season?

Plug Power (PLUG) recently reported earnings and the stock gapped up +3% after reporting. The company has been around since the dot-com bubble and their stock price has yet to recover since that bubble busted. Many investors now believe that PLUG's hydrogen fuel cells will be the technology of the future for years to come and the stock is in the beginning of a bullish trend.

There's a lot of speculation that solar companies will be the hype under a Biden administration. He's made it clear that he wants to get away from traditional energy and shift the U.S. towards alternative energy. Solar companies would be major beneficiaries if Biden speculation is correct, but have they already ran up too much? Many solar companies, including SolarEdge, have already ran up more than 100% this year. Is this just the beginning or really the end?