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Earnings are going to be the major driver of the markets today. Over 300 companies will announce earnings reports today.
Now that we know what's moving markets, here are the three top stocks to watch today…
Top Stocks to Watch Today: Weight Watchers International Inc. (NYSE: WTW)
Weight Watchers stock is up over 16% in early morning trading after announcing its earnings report.
The weight-loss company posted a better than expected report this quarter. Earnings were $0.16 per share. Analysts had only expected earnings per share (EPS) of $0.04.
With the better than expected quarter, Weight Watchers increased its full-year guidance from a range of $1.30 to $1.40 per share to EPS of $1.40 to $1.50.
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WTW stock is currently trading at $21.19 for a gain of 85% so far this year.
Top Stocks to Watch Today: Etsy Inc. (NYSE: ETSY)
Etsy stock is down 61% in early morning trading after announcing its CEO is stepping down in a disappointing earnings report.
Josh Silverman will replace Chad Dickerson as CEO of Etsy as of today. Silverman is a board member of the online marketplace.
The company is also planning on cutting 8% of its workforce, or about 80 jobs.
The cuts come after earnings were $0 for the quarter and revenue fell short of expectations. The company announced $96.9 million in revenue for the quarter, while analysts expected $98.4 million.
ETSY stock is trading at $11.39 for a loss of 3.3% year to date (YTD).
Top Stocks to Watch Today: Twilio Inc. (NYSE: TWLO)
Twilio stock is down 30% in early morning trading after announcing full-year EPS guidance that was well below expectations.
The cloud computing company announced that losses will be in the range of $0.27 to $0.30 per share. Those losses are about double the expected loss of $0.16 per share.
Twilio is expecting full-year revenue to be in between $356 million and $362 million, while analysts expected $370 million.
Twilio is currently trading at $33.94 for a gain of 17.6% YTD.
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