|Bid||221.42 x 1200|
|Ask||229.19 x 800|
|Day's Range||218.94 - 222.57|
|52 Week Range||187.08 - 331.27|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||25.61|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||296.48|
GW Pharmaceuticals, NetApp, KB Home, PulteGroup, M/I Homes, Lennar and Toll Brothers highlighted as Zacks Bull and Bear of the Day
Shares of Silicon Valley's biggest companies fell sharply on Wednesday as the Dow Jones Industrial Average closed out its worst day yet of 2019.
NetApp Inc. this year paid its median employee just shy of $200,000 — a level that puts it on par with some of Silicon Valley's biggest companies and represents a 26 percent jump, year-over-year.
Driven by strength in wireless business, Verizon (VZ) beats on second-quarter 2019 estimates, while Qualcomm (QCOM) surpasses third-quarter fiscal 2019 earnings estimates despite trade woes.
Growth is slowing for this networking hardware maker, but the cloud is alive and well and campus data centers are coming into their own as an expansion opportunity.
Tech stocks led the sell-off. Investors have been concerned about a slowdown in tech spending after NetApp's preliminary guidance on August 2.
Last week, Donald Trump threatened 10% tariffs on $300 billion in Chinese imports. The stock market was sent tumbling on August 2, led by a tech sell-off.
Key market indexes saw big weekly losses as President Trump continued to make waves with his tweets. The Dow Jones industrials dived as much as 334 points Friday.
Volatility remains elevated, with the VIX hovering near $20 going into the weekend. Investors are torn between bidding up stocks as the Federal Reserve turns dovish, and selling equities as trade-war worries intensify. Let's look at a few top stock trades for next week.Some of these setups will be "short and sweet" because I wanted to get more stocks into this column thanks to the wild moves and as earnings reports continue to come through. Top Stock Trades for Tomorrow 1: Exxon MobilInvestorPlace - Stock Market News, Stock Advice & Trading TipsFor Exxon Mobil (NYSE:XOM), shares are under pressure after posting its second-quarter earnings results. Above is a weekly chart of the stock, highlighting its two ranges. Generally speaking, $82-$83 has been range resistance and $70-$71 has been range support. * 8 of the Most Shorted Stocks in the Markets Right Now Bulls looking for a long position can buy into support and use a close below $69 as their stop-loss. Top Stock Trades for Tomorrow 2: ChevronThe two usually report at the same time, and like XOM, Chevron (NYSE:CVX) is also trading lower on the day too.Also a weekly chart, resistance is clearly marked at $126 to $127. Uptrend support has been in play for three years, with the one exception being December 2018 when the markets were in free-fall.It coincides with the 50-week moving average at $117.09. A break below $115 negates the long setup, but bulls have a reasonable risk/reward on a slightly further decline. Top Stock Trades for Tomorrow 3: AphriaShares of Aphria (NYSE:APHA) are soaring on Friday, up about 40% at one point. The setup is deadly close to the trade we laid out a few weeks ago. We asked, will Aphria stock stock fall to $5?After collapsing to $5.02, the answer essentially turned out to be, "yes." However, we said to negate the descending triangle, a bearish setup, we would need to see shares hurdle downtrend resistance (blue line) and the 50-day moving average.The stock is doing just that on Friday. Up more than 30% makes it a tough buy, but so long as it maintains above the 50-day and ~$6.30, bulls are back in control. Top Stock Trades for Tomorrow 4: Arista NetworksArista Networks (NASDAQ:ANET) is getting hammered on earnings, falling more than 11% to $241. Shares are approaching make-or-break territory here in the short term.$240 has been a significant level in 2019, while the 61.8% retracement sits at $242.What was an after-hours winner is now a regular-hours loser. Should $240 to $242 fail as support, which seems likely should the market's selling pressure keep up, the year's $232.30 lows are on watch. Below that and the $210 to $214 area is on watch.On the upside, see if ANET can reclaim the 50-day and 200-day moving averages, at $260.19 and $256.44, respectively. Top Stock Trades for Tomorrow 5: EtsyShares of Etsy (NASDAQ:ETSY) are down more than 10% on Friday after reporting earnings. Resistance at $71 held firm, while ETSY gapped below and then failed to reclaim the 20-day and 50-day moving averages in its morning rally.Uptrend support (blue line) failed as support, too. A test of the 200-day seems like a reasonable assumption now, at $59.08.$58 was resistance in Q4 and support in 2019. A close below this would be a reasonable stop-loss for those looking to initiate a new position in Etsy stock on Friday's decline. Top Stock Trades for Tomorrow 6: U.S. SteelFailing to hold $13.25 would be disappointing for U.S. Steel (NYSE:X) shareholders. Below Friday's low of $13.05 could trigger a decline down the May lows below $12. * 7 A-Rated Stocks Under $10 If $13.25 holds as support, see if X can reclaim prior uptrend support (blue line) and the 50-day moving average at $14.30. If it can reclaim this area, the 20-day at $14.80 is the next upside target to watch, with $15.75 resistance above that.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ANET. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 6 Top Stock Trades for Monday: X, APHA, XOM, ETSY appeared first on InvestorPlace.
Underlying strength of the resilient business model and diligent execution of operational plans help Arista (ANET) beat second-quarter earnings estimates.
Stock futures: After Trump tariffs slammed Apple and the market rally on Thursday, Square, Fortinet and Pinterest were among big earnings movers overnight.
Arista Networks Inc. shares swung to a loss in the extended session Thursday after the cloud-networking company forecast weaker-than-usual growth in the second half after quarterly results topped Wall Street expectations. Arista Networks shares, which had surged more than 5% after hours, were last down 3%, following a 0.5% decline in the regular session to close at $272.11. The company reported second-quarter net income of $189.3 million, or $2.33 a share, compared with a loss of $155.2 million, or $2.08 a share, in the year-ago period. Adjusted earnings were $2.44 a share. Revenue rose to $608.3 million from $519.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $2.20 on revenue of $607 million. Arista Networks expects third-quarter revenue of $647 million to $657 million, while analysts had forecast on revenue of $650.8 million. On the call, Chief Financial Officer Ita Brennan said "we experienced some softness in demand from our cloud customers in the second quarter. While early indications are for improved demand for these customers in the September period, we believe that second half growth in this business will remain somewhat muted as compared to prior years." Additionally, shares may have also come under pressure after data-storage company NetApp Inc. cut its revenue guidance for the year.
Arista Networks (ANET) delivered earnings and revenue surprises of 9.91% and 0.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Arista Networks Q2 earnings topped views, while revenue edged by Wall Street targets. The Arista earnings news sent shares in the maker of computer networking gear up late Thursday.