5 Stocks To Watch For October 23, 2020

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

  • Wall Street expects American Express Company AXP to report quarterly earnings at $1.33 per share on revenue of $8.66 billion before the opening bell. American Express shares gained 2.4% to $107.25 in after-hours trading.
  • Intel Corporation INTC reported better-than-expected earnings and sales for its third quarter, while also raising forecast for FY20. However, the company’s margins dropped in the latest quarter. Intel shares dropped 9.4% to $48.85 in the after-hours trading session.
  • Gilead Sciences, Inc. GILD reported the FDA approval of remdesivir for the treatment of hospitalized patients with COVID-19. Gilead Sciences shares climbed 7.1% to $64.98 in the after-hours trading session.

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  • Analysts are expecting Illinois Tool Works Inc. ITW to have earned $1.46 per share on revenue of $2.97 billion for the latest quarter. Illinois Tool Works will release earnings before the markets open. Illinois Tool Works shares rose 0.3% to $202.25 in after-hours trading.
  • Seagate Technology PLC STX reported upbeat earnings for its first quarter, while sales missed views. The company also said it expects Q2 adjusted earnings of $0.95 to $1.25 per share on sales of $2.35 billion to $2.75 billion. Seagate shares dropped 4.4% to $49.50 in the after-hours trading session.
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Posted In: EarningsNewsPre-Market OutlookMarketsTrading IdeasStocks To WatchStocks to Watch
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