Thursday, February 28, 2019

IBD: "After Hours: These 7 Stocks Are Big Movers On Earnings"

From Investor's Business Daily:
6:37 PM ET
Dow Jones futures were little changed late Thursday, along with S&P 500 futures and Nasdaq futures. Top software stocks Splunk (SPLK), Autodesk (ADSK), Workday (WDAY), Zscaler (ZS) (ALRM) and VMware (VMW) reported earnings late Thursday. Splunk stock, Workday stock, Zscaler stock, VMware stock and Autodesk stock all rose late, while Alarm stock fell. Meanwhile, Tesla stock fell modestly as Elon Musk said the electric-car maker likely will lose money in Q1 as it opened orders for a long-awaited $35,000 base version of the Tesla Model 3

Many software stocks are highly rated, including these five from different niches. Splunk stock and Alarm stock boast the best-possible IBD Composite Rating of 99. Workday stock has a 98 Composite Rating. Autodesk stock has a 96 CR, with VMware stock at 95 and Zscaler at 94. Autodesk stock was added to IBD Leaderboard as an options play. Splunk stock and Zscaler stock are Leaderboard watch list stocks. Autodesk stock and Zscaler also are on IBD Swing Trader.
Tesla (TSLA), meanwhile, has a 46 Composite Rating.

Dow Jones Futures Today
Dow Jones futures were essentially flat vs. fair value. S&P 500 futures and Nasdaq 100 futures were too. Remember that overnight action in Dow futures, Tesla stock and elsewhere doesn't necessarily translate into actual trading in the next regular session....