Stock market volatility should rise this week after markets resume trading today.
Investors will watch Futu (FUTU), a Hong Kong-based trading firm after it posts results this morning. After the market closes, Box (BOX), a file-sharing service, will post quarterly results. Small-cap investors will scrutinize Digital Turbine’s (APPS) earnings report. The stock is down by 85.35% from its 52-week high.
APPS stock plunged in February after the firm posted poor results. Revenue fell by 12.1% Y/Y in the last quarter. Shareholders lost confidence in the company’s management.
Better companies in the digital advertising space to consider include Trade Desk (TTD). Shares bounced from its 50-day simple moving average of $85 to close at $94.75. The firm earned $0.26 a share (non-GAAP) after revenue grew by 28.3% Y/Y to $491.25 million.
On Wednesday morning, watch Canada’s Bank of Montreal (BMO). The company needs to post strong results like TD Bank (TD) did last week. BMO stock trades at a price-to-earnings of 18.2 times. By comparison, investors are better off buying JP Morgan (JPM) at a 12.1x P/E. Wells Fargo (WFC) and Bank of America (BAC) both trade at similar multiples, while Citigroup (C) also trades at an 18x P/E.
On the tech front, investors may continue to take their money out of Ark Invest. Morningstar reported that the fund destroyed $14 billion in wealth in the past decade. Its top holdings include Roku (ROKU), Tesla (TSLA), Coinbase (COIN), and Zoom Video (ZM).
