Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hewlett-Packard Company (HPQ), Petroleo Brasileiro Petrobras SA (ADR) (PBR), Wynn Resorts, Limited (WYNN): Thursday Stocks To Watch

Among the thousands of companies publicly listed on the stock market, for an investor it is particularly crucial to focus on companies that really deserve the attention. Volume leaders for Thursday are: Hewlett-Packard Company (NYSE:HPQ), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), and Wynn Resorts, Limited (NASDAQ:WYNN).

Hewlett-Packard Company (NYSE:HPQ) has always been a popular company, however, its coverage increased lately due to the previous-quarter earnings results recently revealed by the company. As for the third quarter, Hewlett-Packard posted an 8% decline on the year in terms of net revenue, which amounted to $27.2 billion.

Hewlett-Packard Company (NYSE:HPQ), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), and Wynn Resorts, Limited (NASDAQ:WYNN)

The GAAP EPS of the company surged to a positive $0.71 per diluted share, from the previous-year loss of $4.49 per share. In addition, the chief operating officer of HP, Bill Veghte, was named the executive vice president and general manager of the HP Enterprise Group. However, despite positive financial results, the stock of HP dropped by over 13% to almost $22 in today’s morning trading, becoming also the leader in trading volume, with a volume of over $38.9 million.

Another company that is worth attention is Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), whose stock appreciated by about 3.7% to over $14 in deals worth $13.8 million, the third-largest trading volume. Despite a relatively positive six months, which showed a 77% increase in net income, in year-on-year terms, Petroleo Brasiliero was recently downgraded by Zacks, and received the “Underperform” rating, from the previous “Neutral”, The Utah People’s Post reported. The total, year-to-date return of Petroleo Brasiliero’s stock amounts to below -27%, the stock sporting a P/E near 6.

Wynn Resorts, Limited (NASDAQ:WYNNis the third company that is trending on Thursday. The stock of Wynn Resorts gained over 1.3% in the first half of the day and is currently trading at $140.9 per share, close to its 52-week high of about $144. Since the beginning of the year, the stock of the company has advanced by over 25%, while the P/E is near 25x. A piece of news involving Wynn Resorts came from the University of Iowa, which said at the beginning of the month, that Stephen A. Wynn, the chairman and CEO of Wynn Resorts donated $25 million to the University, and particularly for the Vision Research Institute.

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...