3 Earnings Winners to Watch Today

AMZN, VRTX, and DECK all hit record highs

Jan 31, 2020 at 10:53 AM
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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.

 

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