5 Stocks To Watch For August 14, 2020

Some of the stocks that may grab investor focus today are:

• Baidu Inc BIDU reported upbeat earnings for its second quarter. The company also revealed its subsidiary, iQiyi, is under an investigation from the United States Securities and Exchange Commission. Baidu shares dropped 7% to $115.83 in the after-hours trading session.
• IQIYI Inc IQ also reported a narrower-than-expected loss for the second quarter, while sales missed estimates. Additionally, the company issued downbeat sales forecast for the third quarter. iQIYI shares plunged 12.4% to $19.00 in the after-hours trading session.
• Wall Street expects Draftkings Inc DKNG to report a quarterly loss at $0.19 per share on revenue of $63.90 million before the opening bell. DraftKings shares fell 0.8% to $35.75 in after-hours trading.

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• Applied Materials, Inc. AMAT reported stronger-than-expected results for its third quarter and also issued an upbeat forecast for the current quarter. Applied Materials shares climbed 3% to $67.05 in the after-hours trading session.
• Co-Diagnostics Inc CODX reported weaker-than-expected results for its second quarter on Thursday. Co-Diagnostics shares dropped 16.2% to $17.59 in the after-hours trading session.