Why These 5 Stocks Trended This Week

In this article we take a look at five stocks that trended this week. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Trended This Week.

5. Chevron Corporation (NYSE:CVX) was in the spotlight this week after the company reported strong earnings results for the third quarter. For the period, Chevron earned an adjusted $2.96 per share versus the consensus of $2.21 per share. Chevron Corporation (NYSE:CVX)’s earnings have been helped by higher oil prices as the global economy recovers. Ken Fisher’s Fisher Asset Management was long more than 6.25 million shares of Chevron Corporation (NYSE:CVX) at the end of September.

4. Starbucks Corporation (NASDAQ:SBUX) trended this week after the company reported earnings for the quarter. Although the company’s fourth quarter adjusted earnings per share of $1 was ahead of the consensus of $0.99, Starbucks Corporation (NASDAQ:SBUX)’s sales of $8.1 billion was below the average of $8.21 billion. Following the earnings report, Brian Bittner of Oppenheimer lowered his price target to $130 from $140 but has an ‘outperform’ rating. Overall shares of Starbucks Corporation (NASDAQ:SBUX) fell 7.56% over the past week. Ken Fisher‘s Fisher Asset Management owned more than 8.33 million shares of Starbucks Corporation (NASDAQ:SBUX) at the end of September.

3. Zendesk, Inc. (NYSE:ZEN) fell 14.49% on Friday after the company announced it had agreed to buy SurveyMonkey’s parent, Momentive Global. Although management expects the acquisition to add value, the market isn’t as certain. Steve Cohen’s Point72 Asset Management owned 1,022,703 shares of Zendesk, Inc. (NYSE:ZEN) at the end of June.

2. Momentive Global Inc. (NASDAQ:MNTV) fell more than 8% on Friday despite agreeing to sell to Zendesk. Since the deal is all stock, Momentive Global could have downside if the merger doesn’t succeed. Tiger Global Management LLC owned 698,871 shares of Momentive Global Inc. (NASDAQ:MNTV) at the end of June.

1. eBay Inc. (NASDAQ:EBAY) was in the spotlight this week after reporting third quarter adjusted EPS of $0.90 versus the average estimate of $0.89. Revenue was $2.5 billion, up 11% year over year. Seth Klarman’s Baupost Group was long 14,890,623 shares of eBay Inc. (NASDAQ:EBAY) at the end of Q2.

Disclosure: None.