• J. Walner

Top 3 Shares To Watch In January 2020

You will find below the top 3 shares to watch and possibly put on your buying list. The share market is currently experiencing a small correction but most analyst remain bullish for 2020. Making headlines over the weekend was news of a meeting between Chancellor Sajid Javid and US Treasury Secretary Steve Mnuchin. Indeed Mnuchin declared that the US was prepared to “dedicate a lot of resources” to getting a US-UK deal done by the end of the year.

Keep an eye on DR Horton shares during the coming weeks

$22bn market cap DR Horton is one of the USA’s largest homebuilders, selling more than 50,000 homes annually. DR Horton shares has had a huge year, climbing by 57%, and its share price is now almost directly in line with Wall Street analysts’ average 12-month share price target. Their estimates range from $51 to $67, versus the firm’s $58.51 Friday close. D.R. Horton will deliver its latest quarterly update today, having delivered earnings beats in each of the past four quarters. According to Zacks Equity Research, margins will be a data point to watch, to see whether competition and rising costs have made a dent. Make sure to include DR Horton in your shares to watch list.

Sprint Shares could rise like a Phoenix

The past six months have been painful for Sprint shareholders, as the Sprint shares have sunk by close to 40%, thanks to a planned merger with rival T-Mobile still facing roadblocks almost two years after it was first announced. Sprint finds itself in a difficult position up against stronger competition including T-Mobile. Buying Sprint shares now is effectively a gamble that the merger gets approved. Currently, the deal is in a holding pattern waiting for the last remaining roadblock - the California Public Utilities Commission - to grant approval. Analysts will almost certainly probe for an update on the company’s quarterly earnings call on Monday.

Beyond Meat shares have been discounted

After its IPO at $25 a share in May last year, plant-based meat substitute company Beyond Meat surged past $230 a share by July. Since then, the Beyond Meat Shares have more than halved, and closed on Friday at $119.49. This is a pattern frequently seen in successful IPOs, as major initial investors have lockup periods that prevent them selling for a predetermined time period, usually a few months. Beyond will report its Q4 earnings today, and investors will be watching to see if it can continue the momentum it built in Q3, when the firm posted its first profitable quarter. Updates on partnerships with restaurants and retailers will be key points of interest and will certainly impact the value of Beyond Meat shares.

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