Opening Bell News with Michael Lee

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Markets yo-yo on stimulus; Strong manufacturing survey data; Housing boom leads to construction boom.

Looking for some stocks to watch this October 2020? You’ve come to the right place. Here are five juicy picks perfect for you to do due diligence on.

Disclaimer: This is not financial advice. Our five picks are purely to help you discover new stocks so that you can research.

1. Stocks To Watch This October: LogicBio Therapeutics, Inc. (LOGC)

HEADLINE: The company proposed a public offering of an undisclosed amount of common stock on September 30, 2020. Share prices then dropped during the pre-market session.

LATEST TRADING:

  • Between September 30, 2020, and pre-market trading on October 1, 2020, LOGC shares dipped in value from $9.59 to $7. That’s a fall of 22.9%.
  • During the five days before Sept 30, LOGC climbed from $7.33 to $9.40.
  • During its Q2 earnings LogicBio Therapeutics, Inc. reported revenue of $965-thousand and earnings per share at a loss of $0.35, $0.13 better-than-the-estimate.
  • The company’s Q3 earnings are to be announced on November 10, 2020.

    • Technical Analysis for LOGC by TradingView

    CHECK OUT: 5 volatile penny stocks for the high-risk investor.

    2. Selecta Biosciences, Inc. (SELB)

    HEADLINE: Selecta Biosciences, Inc. revealed at the end of September that their Phase 2 trial of COMPARE failed to deliver on its promise. This news sent share prices into free fall.

    LATEST TRADING:

    • Between September 30, 2020, and pre-market trading on October 1, 2020, SELB shares dipped in value from $2.60 to $1.35. That’s a fall of 45.6%.
    • During the five days before Sept 30, SELB climbed from $2.33 to a peak of $2.57.
    • During its Q2 earnings Selecta Biosciences, Inc. reported revenue of $0, $18.75-million below the estimate. Earnings per share were reported at a loss of $0.25, $0.24 worse-than-the-estimate.
    • The company’s Q3 earnings are to be announced on November 6, 2020.

      • Technical Analysis for SELB by TradingView3. Constellation Brands, Inc. (STZ)

      HEADLINE: Constellation Brands, Inc. are expected to announce Q2 earnings October 1, 2020 before the bell.

      LATEST TRADING:

      • During trading on September 30, 2020, STZ shares gained 1.1%. Rising from $187.53 to $189.51.
      • During the five days before Sept 30, STZ climbed from $183.03 to a peak of $189.97.
      • During its Q1 earnings Constellation Brands, Inc. reported revenue of $1.96-billion, $7-million below the estimate. Earnings per share were reported at $2.30 each, $0.20 better-than-the-estimate.
      • Estimates say that Q2 earnings have revenue at $2.19-billion and earnings per share at $2.50 each.

        • Technical Analysis for STZ by TradingView

        CHECK OUT: 10 stocks to watch if you are on a budget of $10 or less.

        4. ConAgra Foods, Inc. (CAG)

        HEADLINE: ConAgra Foods, Inc. are expected to announce Q1 earnings October 1, 2020 before the bell.

        LATEST TRADING:

        • During pre-market trading on October 1, 2020, CAG shares dipped 0.1%. Falling from $35.76 to $35.70.
        • During the five days before October 1, CAG climbed from $33.93 to a peak of $35.84.
        • During its Q4 earnings ConAgra Foods, Inc. reported revenue of $3.29-billion, $178-million above-the-estimate. Earnings per share were reported at $0.75 each, $0.09 better-than-the-estimate.
        • Estimates say that Q1 earnings will have revenue at $2.61-billion and earnings per share at $0.57 each.

          • Technical Analysis for CAG by TradingView5. PepsiCo, Inc. (PEP)

          HEADLINE: PepsiCo, Inc. announced Q3 earnings today before the opening bell and beat-the-estimates.

          LATEST TRADING:

          • Q3 revenue was reported at $18.09-billion, $861-million above-the-estimate. Earnings per share were reported at $1.66 each, $0.17 above-the-estimate.
          • During pre-market trading on October 1, 2020, PEP shares jumped 0.4%. Climbing from $138.25 to $139.10.
          • During the five days before October 1, PEP climbed from $131.28 to a peak of $139.23.
          • PepsiCo, Inc. will report Q4 earnings on February 11, 2021.

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