5 Stocks To Watch For June 18, 2021

5 Stocks To Watch For June 18, 2021

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

  • Adobe Inc ADBE reported upbeat results for its second quarter and issued strong guidance for the current quarter. Adobe shares gained 2.7% to $566.00 in the after-hours trading session.
  • Smith & Wesson Brands Inc SWBI posted better-than-expected results for its fourth quarter. The company reported a $50 million buyback program and also boosted its quarterly dividend from $0.05 to $0.08 per share. Smith & Wesson Brands shares climbed 5.3% to $20.97 in the after-hours trading session.
  • Ares Commercial Real Estate Corp ACRE reported the launch of an offering of common stock. Ares Commercial Real Estate shares dropped 4.4% to $15.60 in after-hours trading.

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  • Codexis, Inc. CDXS lifted its sales projections for 2021 following the receipt of a new order for a proprietary high performance enzyme product. The company said it now expects revenue of $89 million to $93 million, versus its earlier forecast of $82 million to $85 million. Codexis shares surged 6.7% to $20.95 in after-hours trading.
  • Hydrofarm Holdings Group Inc HYFM announced plans to acquire Aurora Innovations, Inc. and its organic nutrients and grow media operations. Hydrofarm shares rose 4.3% to $56.79 in the after-hours trading session.

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