Watch Alcon (ALC) today. The stock should pop by at least 3.5% after markets react to its Q3 results.
Alcon reported a non-GAAP EPS of $0.81. For the year, the firm is forecasting net sales to grow at least 6%. Ahead of the report, ALC stock peaked at $101.10 and then trended lower. The share price closed at $86.89.
China’s Up Fintech (TIGR) slumped by over 10% on November 12. The firm posted non-GAAP EPADS of $0.12. Despite revenue growing by 44.2% Y/Y to $101.1 million and client assets doubling to $40.8 billion, markets expected more.
After the sell-off in TIGR stock ends, investors may consider this undervalued firm. The results do not consider the Chinese government’s tepid monetary and fiscal stimulus measures. Once China enacts even more financial support for its people, this would help its real estate market. As a result, stocks would rise, lifting transaction volumes and TIGR stock.
Monolithic Power (MPWR), which is trading at prices not seen since April 2024, is due for a rebound. The firm issued an update that contradicted analysts’ claims. On Tuesday, the firm said that it has no performance issues. As a result, Nvidia (NVDA) will still include them in its next-generation systems.
On November 20, Nvidia will post quarterly results. Its strong sales report for Blackwell, the refreshed GPU for AI servers, should give MPWR stock a boost. However, the stock still trades at a 75 times forward P/E. This could limit MPWR’s stock rebound.
