5 Stocks That Have Fallen in the Past Month That Have Earnings Coming Up!
News around tariffs has caused some negativity in the markets lately. How long that will last is a question mark, but it could be a good time for investors to look at the following five stocks, which have all dropped in price and that have earnings right around the corner:
Cisco Systems (NASDAQ:CSCO) is down around 8% in just the past five trading days and with earnings expected on August 14, it could be a good time to buy on the dip. While concerns surrounding tariffs involving China are nothing new, Cisco has still been able to rise in value over the course of the year. Cisco hasn’t fallen to below $50 since back in February.
Salesforce.com (NYSE:CRM) is another good tech stock that has earnings later this month, on August 22. It has seen a lot of range activity since February and a good earnings could be what allows it to finally break out. The stock has generally seen strong support at around $150 and so even without a strong performance, there could be room for the stock to rise from where it is today.
Uber Technologies (NYSE:UBER) has been struggling not just recently but since its IPO. Earnings are expected next week and with a lot of pessimism surrounding the stock, it might not take a lot for Uber to generate some excitement as even a modest performance might be enough for investors to re-consider this new issue.
Baidu, Inc. (NYSE:BIDU) is a bit of a riskier play as the stock has lost more than half of its value in the past year. Earnings are expected for the 19th and the company is going to need a big performance to get it out of this tailspin. There could be a big rally ahead if that happens but it won’t be without some risk.
Target Corp (NYSE:TGT) has its earnings coming up this month as well, on the 21st. The retail stock has fallen about 7% in the past month and it’s been a few months since it has traded this low. There’s some risk here as well, as it’ll depend on how strong of a retail market there has been lately.