Chronicle Journal: Finance

US Stocks Surging Above 20days Moving Average (20SMA): $MNLO $HBM $AVT

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Menlo To Announce Second Quarter Financial Results

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At present, Menlo Therapeutics Inc (NASDAQ:MNLO) is trading 9.38% above its 20 Days SMA. The stock is reflecting bullish trajectory. This specialty pharmaceutical company is scheduled to announce its second quarter financial results for the period ending June 30, 2020 today, i.e., August 6, 2020.

The company will host webcast and earnings call at 8:30 a.m. Eastern Time for discussion of financial figures and update regarding corporate figures.

Menlo is known for producing novel therapies for addressing unmet dermatology needs in the market.

Hudbay Minerals To Report Q2-20 Financial Results Next Week

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Hudbay Minerals Inc (NYSE:HBM) is presently trading 9.40% above its simple moving average of 20 Days. HBM stock is demonstrating bullish signals. The company's second quarter earnings report is scheduled to be released on August 11. Ahead of that, here is the consensus estimate for investors.

According to analysts, this mining company is speculated to post $0.22 per share quarterly loss in Q2-20, reflecting on a negative 450% YoY change. The company is expected to post revenues of $175.79 million, dropping 46.6% from the relative time period a year before.

This EPS estimate for Q2-20 is revised with 25.58% upward movement since past month, reflecting on reassessment and positive speculation of analysts.

Avnet Declared Regular Quarterly Cash Dividend

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Avnet, Inc. (NASDAQ:AVT) is now trading 9.49% above its 20 Days simple moving average and AVT appears bullish. This leading global technology company, on August 4, announced that the board gave its nod for quarterly cash dividend. AVT will pay regular quarterly cash dividend worth $0.21 per share on September 23, 2020.

Company's shareholders or interested investors on record as of September 9, 2020 will be paid this dividend. Meanwhile, the Annual Shareholder Meeting of Avnet is scheduled for November 17, 2020. This meeting is to be held virtually through live webcast in consideration with coronavirus pandemic.

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The post US Stocks Surging Above 20days Moving Average (20SMA): $MNLO $HBM $AVT appeared first on The Market Signals.

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