3 Stocks to Watch on Thursday: Tesla Motors Inc (TSLA), Twenty-First Century Fox Inc (FOXA) and Kraft Heinz Co (KHC)

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As we approach the late part of the week, stocks fell with a dimmer outlook on job creations in U.S.A. The S&P 500 fell 0.6% Wednesday while the Dow Jones Industrial Average also dropped 0.6%.

3 Stocks to Watch on Thursday: Tesla Motors Inc (TSLA), Twenty-First Century Fox Inc (FOXA) and Kraft Heinz Co (KHC)

As we approach Thursday’s trading, check out these companies with earnings results: Tesla Motors Inc (NASDAQ:TSLA), Twenty-First Century Fox Inc (NASDAQ:FOXA) and Kraft Heinz Co (NASDAQ:KHC) are among the week’s top stocks to look at.

Here’s what you need to know:

Tesla Motors Inc (TSLA)

Elon Musk’s electric car giant reported a decent quarter, but what’s driving TSLA shares ahead is a huge push ahead on the company’s production expectations.

Tesla’s first quarter included a deeper-than-expected loss of 57 cents per share, however, the company’s $1.6 billion in revenue was up 45% and matched the consensus estimate.

But stunning investors was Musk’s bold claim that the company plans to deliver 500,000 vehicles not by 2020 now, but by 2018.

Per a letter to shareholders:

“Increasing production five fold over the next two years will be challenging and will likely require some additional capital, but this is our goal and we will be working hard to achieve it.”

That push likely is motivated by the 400,000 Model 3 preorders that Tesla has registered so far.

TSLA shares were busy reversing Wednesday’s losses, up 4% in Thursday’s premarket trading.

The company also had encouraging news on what’s to come for the company. Production for

Twenty-First Century Fox Inc (FOX)

Twenty-First Century Fox had a quarter to remember thanks in large part to the “Merc with a Mouth.”

Deadpool helped power a 5.7% improvement in adjusted revenue to $7.23 billion, beating Wall Street expectations of $6.9 billion. While earnings of 44 cents per share were lower year-over-year, they did top estimates for 39 cents.

A strong dollar weighed on the company’s results, but it was lifted by the surprising blockbuster that Deadpool turned out to be — Ryan Reynolds’ performance helped bring in $761 million worldwide, trumping its budget of $58 million numerous times over.

The company also cited success with its The People v. O.J. Simpson: American Crime Story miniseries.

Investors still were slow to warm to Fox’s results, with shares off 1% in premarket trade.

Kraft Heinz Co (KHC)

Kraft Heinz was set for a big pop Thursday thanks to its own impressive quarterly performance.

Kraft earned 73 cents per share, blowing away the year-ago period’s 24 cents per share and easily climbing over Wall Street’s bar of 62 cents. That came on revenues of $6.57 billion, themselves up huge versus last year’s $2.48 billion, and enough to beat estimates of $6.5 billion.

Like Fox, unfavorable current exchange rates didn’t do anything positive for KHC’s results, but the company was helped by improvements in the U.S. and Canada.

If Thursday’s premarket move of 5% to 6% stands, KHC would shatter a price ceiling of around $80 that it has challenged and failed at several times since the Kraft-Heinz entity began trading in summer 2015.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities. 

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Article printed from InvestorPlace Media, https://investorplace.com/2016/05/3-stocks-watch-thursday-tesla-motors-inc-tsla-twenty-first-century-fox-inc-foxa-kraft-heinz-co-khc/.

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