Why These 5 Stocks Were in the Spotlight 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 Were in the Spotlight This Week.

5. Visa Inc. (NYSE:V) was in the spotlight after reporting an adjusted EPS of $1.62 for the fourth quarter, versus the consensus of $1.54. Sales for the period was $6.6 billion versus the average estimate of $6.53 billion. Despite the results, Daniel Perlin of RBC Capital trimmed his price target to $284 from $297 but kept his ‘outperform’ rating on Visa Inc. (NYSE:V). Of the 873 elite funds we track, Visa Inc. (NYSE:V) was in 162 elite funds’ portfolios at the end of the second quarter of 2021. The all time high for this statistic is 166.

4. Mastercard Incorporated (NYSE:MA) trended after the company reported third quarter adjusted EPS of $2.37 on sales of $4.99 billion versus the consensus of $2.19 and $4.95 billion. Although there was continued strength in spending in many markets, shares of Mastercard Incorporated (NYSE:MA) nevertheless fell 7.4% this week. Mastercard Incorporated (NYSE:MA) was one of the most widely held stocks among the smart money funds we track at the end of Q2.

3. Lockheed Martin Corporation (NYSE:LMT) was in the spotlight this week after the company reported Q3 EPS of $2.21 on sales of $16 billion, versus the consensus of $1.97 and $17.12 billion. Management sees FY22 net sales of $66 billion, which is weaker than the average estimate of $70.5 billion. Citadel Investment Group was long 616,667 shares of Lockheed Martin Corporation (NYSE:LMT) at the end of June.

2. Ford Motor Company (NYSE:F) trended this week after the automaker reported third quarter adjusted EPS of $0.51 per share versus the consensus of $0.27 per share. The company’s sales for the period was $35.7 billion versus the average estimate of $32.54 billion. D E Shaw owned 45,367,521 shares of Ford Motor Company (NYSE:F) at the end of Q2.

1. General Motors Company (NYSE:GM) trended this week after the company reported adjusted EPS for the third quarter of $1.52 versus the average estimate of $0.96. Revenue was $26.78 billion, exceeding the estimate of $26.51 billion. Overall, General Motors Company (NYSE:GM) shares fell 6.3% this week. Warren Buffett’s Berkshire Hathaway owned 60 million shares of General Motors Company (NYSE:GM) at the end of June.

Disclosure: None.