3 High-Flying Stocks Setting Up for BIG MOVES This Earnings Season

Some of the biggest outperformers of the year are growth stocks. The pandemic has led to an acceleration in their growth. Additionally, the pandemic has led to lower growth expectations and record-low rates.  This means that…

growth stocks can get even higher multiples. Earnings season will be an important factor in helping investors determine whether these gains are validated by improvements in operations. Or a particularly impressive performance could lead to even more multiple expansion as investors get more bullish on a company.

Tesla, Inc. (TSLA) Netflix, Inc. (NFLX), Peloton Interactive, Inc. (PTON) are some of the fastest-growing stocks in the market. They are expected to report impressive results this earnings season and this could help their shares soar.

Tesla, Inc. (TSLA)

TSLA designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, and internationally.

TSLA split its stock into five earlier this year, reducing its sky-high share price to an affordable range. It is currently planning to expand to Indonesia to ensure a steady supply of nickel, a key component in manufacturing car batteries.

TSLA is also planning to launch three new electric vehicles shortly, including Tesla Cybertruck and 2 electric cars. Its new Model S Plaid is expected to be available by next year and another unnamed electric car to be priced under $25000. It is reportedly planning to launch its product in India as well in 2021. These expansions are expected to increase their earnings in the coming year. On its recent Battery Day, the company outlined a plan to reduce battery costs by 56% and boost vehicle range by 54%.

The company’s electric vehicle (EV) growth is going according to plan, as the company reported that it delivered 139,300 vehicles in the third quarter ending September 2020. This is a 53.6% increase compared to the previous quarter. The company has already exceeded market expectations of 137,000 deliveries of vehicles.

In the second quarter, TSLA reported net revenue of $6.04 billion declined on a year-over-year basis. Net income of $104 million and EPS of $0.50 for the quarter significantly improvement from the year-ago negative values. Cash and cash equivalents improved 74% year-over-year to $8.62 billion.

Analysts expect their revenue to grow 31% in the third quarter and 22.6% this year. The EPS is expected to grow 51.4% in the third quarter and a whopping 4,275% in the current year. TSLA has gained 436.5% year-to-date.

How does TSLA stack up for the POWR Ratings?

A for Trade Grade

B for Buy & Hold Grade

B for Peer Grade

B for Industry Rank

B for Overall POWR Rating

The stock is also ranked #4 out of 29 stocks in the Auto & Vehicle Manufacturers industry.

Peloton Interactive, Inc. (PTON)

PTON is the largest interactive fitness platform in the world, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content, and health & wellness apps.  With 3.1 million members, the company operates in three segments: Connected Fitness Products, Subscription, and Others. The Connected Fitness Products segment engages in the sale of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. The Subscription segment engages in the connected fitness subscription and digital subscription. The Other segment consists of peloton branded apparel.

During the year 2020, PTON expanded its fitness and wellness content offerings in strength, yoga, meditation, and new floor-based categories such as Fit Family and Dance Cardio. The company also launched…

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