Tuesday’s investing action plan saw companies such as Adobe Systems Incorporated (NASDAQ:ADBE),FedEx Corporation (NYSE:FDX), Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) take the lead.
The companies’ shares were on top of the investor watch list based on upcoming events, product launches and other factors such as earnings information. FedEx is gearing up for its earnings report and Wall Street Analysts anticipate earnings per share at $2.81 with a per-share earnings growth of 16%. Wall Street analysts also expect the company’s revenue to rise by 19% to $14.6 billion.
The positive sentiments on the company’s performance have a lot to do with the fact that the holiday season is around the corner and shipping will increase. FedEx stock closed the recent trading session at $161.26, with a $2.37 or 1.49% improvement from the previous trading session. The trading volume was $1.81 million shares.
Adobe was also one of the hottest shares on Tuesday, also as a result of positive earnings expectations. Analysts anticipate an earnings growth of 33% to 72 cents per share. Revenue is also expected to grow to $1.45 billion equivalent to a 19% improvement. Adobe stock ended the latest trading session at $99.68 per share, marking an upward movement by $0.75 or 0.76% compared to the price on Monday’s trading session. Tuesday’s trading session had a trading volume of 3.31 million shares.
Netflix was also on the investing action plan. The company is expecting a strong performance during the holiday season though its stock dropped slightly following legal action taken against it by 21st Century Fox for poaching two executives that were under contract. The company’s stock closed Tuesday’s trading session at $98.06, down by $1.42 or 1.43% compared to the closing value in the previous trading session. Netflix’s stock had a trading volume of 8.62 million shares during the trading session on Tuesday.
Amazon was also on the list on account of the upcoming holiday season and the increasing competition in the online retail and delivery industry. Analysts also expect the company’s stock to rise. Amazon closed Tuesday’s trading session at $775.10 which was down by $3.42 or 0.44% compared to the value of the stock at the end of the previous session. The trading volume for Amazon’s stock on Tuesday was 230 million shares.