Nvidia Corp. (NVDA) has had quite the comeback in 2019, with shares climbing by more than 55%. Still, the stock is a distances from its all-time highs, down by more than 28%. The company will try to inch a bit closer to its all-time highs again and hopefully get a boost after reporting its fiscal third quarter 2020 earnings results on November 14 following the close of trading.
The Boeing Co.’s (BA) good fortune at the start of 2019 has vanished after the grounding of its 737-MAX jets, following two crashes at the beginning of the year. Amazingly, despite the company’s major headline risk and even the pulling of its full-year guidance, the stock has remained relatively strong. However, that may all be about to change.
General Electric Co. (GE) stock’s fall from grace has been historic. Since December 2016, the stock has declined by about 70%, resulting in a market capitalization loss of about $200 billion. But interestingly, some of the smartest hedge funds were actively buying the stock during the second quarter.
Etsy Inc. (ETSY) has risen by just over 19.3% in 2019, slightly ahead of the S&P 500’s gain of 17.8%. But the stock fell sharply in the second quarter, after reporting better than expected earnings on weaker than forecast revenue. It appears that the pullback in the equity was used as an opportunity by hedge funds to pick up the stock.
Comcast Corp. (CMCSA) shares have risen by almost 36% in 2019, easily beating the S&P 500’s gain of about 19.5%. The company’s big advance has followed better than expected quarterly results, and comes ahead of the company’s big push into its direct to the consumer streaming offering.