Monday's Moving Stocks Include Deckers, Charter, and Intel
After a steep selloff earlier this year, Deckers Outdoor (DECK) showed signs of life. The shoe supplier posted robust HOKA and UGG sales.
Deckers posted revenue of $964.54 million, up by 16.9% Y/Y in its Q1 report. In the second quarter, net sales will be $1.38 billion to $1.42 billion. Its balance sheet improved after cash and cash equivalents topped $1.72 billion, compared to $1.438 billion. The share buyback of 1.7 million shares, or $183.0 million, enhanced shareholder returns in the quarter.
Investors may watch Nike (NKE), whose stock rebounded from April’s lows.
Charter (CHTR) slumped last Friday to close at $309.75 (-18.49%). The telecom firm posted Q2 EPS of $9.18, missing estimates. The Y/Y drop of 2.1% in residential customers is troubling. This weighed on revenue and adjusted EBITDA growth.
Investors should also be wary of Comcast (CMCSA), which broke its $35 support level by closing at $33.68. The firm is considering the launch of a sports cable network. This competes with ESPN, owned by Disney (DIS). It is a race to the bottom, since the investment rises in costs as competition intensifies.
In the gold mining sector, expect Newmont (NEM) to continue its uptrend. The stock added ~ 7% on July 25. In Q2, revenue grew by 20.9% Y/Y to $5.32 billion.
