Benzinga Pro's Top 5 Stocks To Watch For Wed., Jan. 29, 2020: AAPL, TSLA, FB, BYND, MSFT

Benzinga Pro's Stocks To Watch For Wednesday

• Apple (AAPL) - Shares were up 2% following better-than-expected Q1 results and strong Q2 sales guidance. Benzinga's PreMarket Prep morning trading show interviewed Piper Sandler tech analyst Mike Olson following the results. Olson suggested the 2 negative points from Apple's report were iPad and Service segment sales. Olson raised his price target on Apple to $343 following the report.
• Tesla (TSLA) - Will report quarterly results after the close Wednesday. Shares of Tesla have been up more than 40% over the last 3 months.
• Facebook (FB) - To publish Q4 results after the close. Analysts expect EPS of $25.3 on sales of $20.88 billion.
• Beyond Meat (BYND) - Shares were volatile in pre-market action amid a couple news items: 1. Restaurant Brands' (QSR) Tim Horton's disclosed it stopped selling Beyond Meat products in the company's last 2 Canadian provinces. 2. Yum Brands' (YUM) KFC said it will expand a test of Beyond Fried Chicken to restaurants in Charlotte, Nashville and the surrounding area. The test will run from Feb. 3, 2020 to Feb. 23, 2020. Beyond Meat shares were up 2% ahead of the opening bell.
• Microsoft (MSFT) - Expect Q2 earnings from the company after the close Wednesday.