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Pfizer gearing up to accelerate as earnings are set for release

Authored by ZanderVanDerMerwe
02.11.2021
Market Overview
0
2 min

Keep an eye on the following companies that are set to release the earnings report today:

  • Lyft Inc (LYFT) 
  • Ferrari N.V. (RACE)
  • Pfizer Inc (PFE)

Yesterday’s movers: 

  • Plug Power Inc (PLUG) was up 8.83% as Morgan Stanley pointed out the potential for strong revenue Growth
  • Tesla Inc (TSLA) was up 8.49% rallied as world leaders focus on climate change at COP26 summit
  • Tencent Music Entertainment Group (TME) was up 7.00% 
  • Vipshop Holdings Limited (VIPS) was up 6.81% as UBS upgraded the stock

Stocks to watch:

Pfizer Inc. (PFE)

Pfizer’s earnings are set to be released during the post-market today and a lot of focus will be placed on the COVID-19 vaccines that have been produced as an indication of where earnings may be going.

The second-quarter earnings report came out significantly higher than expected as earnings and revenue beat expectations. The consensus for earnings for the third quarter is that there will be an increase to $1.09 in comparison to last quarter’s consensus of $0.98 that beating expectations by $0.09.

Technically the chart is shaping up well for a move higher, possibly to its previous highs, although a showdown in vaccinations could be expected there may be more upside considering the boosters that were announced during the second quarter once the FDA gives their approval.

Authored by ZanderVanDerMerwe
02.11.2021
Market Overview
0
2 min
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