3 Earnings Winners to Watch Today

AMZN, VRTX, and DECK all hit record highs

Jan 31, 2020 at 10:53 AM
facebook twitter linkedin

Earnings have been in focus all week on Wall Street, and that's continuing today, with a number of big names making notable moves after their quarterly reports. Leading the way of course is Amazon.com, Inc. (NASDAQ:AMZN), as the e-commerce company surges 9.3% to trade at $2,044.83 following the company's better-than-expected quarterly results.

What's more, Amazon says it now has 150 million Prime members, and that it's going to continue to invest in one-day delivery. Meanwhile, it's seen a flurry of bullish analyst attention, and the most bullish price-target adjustment has seemingly come from RBC, which upped its target to $2,700. AMZN shares already hit a record high of $2,055.72 this morning, and its market cap is back above the $1 trillion mark.

Another name on the rise this morning is Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX). The drugmaker is trading 1.3% higher at $233.38, after earlier notching a record high of $239.40. Vertex's quarterly earnings came in above estimates, and its 2020 forecast was bullish. At least 10 price-target hikes have come through for the shares, which have gained 33% in the past six months.

Finally, retailer Deckers Outdoor Corp (NYSE:DECK) is also riding an earnings beat to record highs, last seen 10.8% higher at $196.53 after peaking at $199.31 earlier. The earnings release has prompted at least three brokerage firms to increase their price targets, with the highest mark of $240 coming from Jefferies, which also upgraded its opinion to "buy" from "hold." DECK stock is up 50% in the past year.


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report


Special Offers from Schaeffer's Trading Partners