Thursday’s Stocks to Watch: Qualcomm, Carvana, Fastly, Coinbase, and More

Date:



Watch Smartphone semiconductor supplier Qualcomm (QCOM) today. It posted earnings of $2.44 a share as revenue grew by 1.3% Y/Y to $9.39 billion. In the third quarter, revenue is up to $9.6 billion, surpassing analyst estimates.

Watch for QCOM stock to open at around $170 and trade above $175 next.

Carvana (CVNA) soared by 33% after posting a 17.2% Y/Y increase in revenue, to $3.06 billion. Vehicle sales grew by 16% Y/Y to 91,878. Short-sellers have too big a bet against the firm at over 30% of free float. The firm is more than just a car vending machine meme stock.

Fastly (FSLY), a cloud company for streaming media and entertainment, lost 30% of its value last night. A panicking…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...