Stocks

Investor Focus: Key Stocks to Watch on the Rise - AAPL, HSY, and Others

Published May 3, 2024

As U.S. stock futures show optimism heading into Friday trading, investors are closely monitoring several stocks that may influence market focus. Expectations are set on The Hershey Company HSY to deliver quarterly earnings of $2.76 per share with revenues forecasted at $3.11 billion post-market hours, according to analysts' predictions. This news is particularly significant as earnings reports can often lead to a ripple effect in stock valuations across related markets.

Spotlight on Technology: Apple Inc. AAPL

Apple Inc., the colossus of the tech world, continues to capture investors' attention. Boasting a status as the world's largest technology company by revenue, which amounted to a staggering $274.5 billion in 2020, and standing tall as the world's most valuable company as of January 2021, Apple maintains its dominion in the market. It secures a top position not only in technology but also as the fourth-largest PC vendor and smartphone manufacturer globally. Apple's influence stretches far and wide, being a crucial member of the Big Five American information technology companies alongside Amazon, Google, Microsoft, and Facebook.

A Look at Manufacturing: American Axle & Mfg Hldgs AXL

Detroit-based American Axle & Manufacturing Holdings, Inc. is under the spotlight as it pushes forward in the design and manufacture of transmission line and metal forming products. With operations spanning across North and South America, China, other Asian countries, and Europe, AXL's presence in the manufacturing sector is robust and diversified, impacting various aspects of the global market.

Engineering and Construction: Fluor Corporation FLR

Fluor Corporation, with its headquarters in Irving, Texas, offers a vast array of services, including engineering, procurement, construction, manufacturing and modularization, and project management on a global scale. The company stands as a testament to the intricacies and demands of the construction and engineering sector, serving clients worldwide and adapting to the diverse needs of the industry.

Financial Infrastructure: Coinbase Global COIN

Coinbase Global, based in Wilmington, Delaware, represents a vital component in the financial structure of the crypto economy, providing necessary technology and infrastructure for the burgeoning sector. COIN's influence in the crypto space underscores the evolving landscape of finance, where digital assets and cryptocurrencies are gaining more mainstream acceptance.

Confectionery Giant: The Hershey Company HSY

Hershey's, an American multinational and a leading chocolate manufacturer, stands apart in the confectionery landscape. Its portfolio goes beyond chocolates, embracing baked products like cookies and cakes, and extends to popular beverages such as milkshakes. Headquartered in the iconic town of Hershey, Pennsylvania, HSY's global production echoes its reputation as a household name in snacks and treats.

AAPL, AXL, FLR, COIN, HSY