Lowe's, AutoZone And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
Lowe's, AutoZone, Zoom Video Communications, Microvast Holdings, and Intuit are stocks to watch heading into Tuesday. Lowe's and AutoZone are expected to post quarterly earnings before the opening bell, while Zoom Video reported better-than-expected Q1 results and raised its full-year sales outlook. Microvast shares tumbled after the U.S. Department of Energy reportedly canceled contract negotiations for a potential $200 million award. Intuit is expected to post quarterly earnings after the closing bell.
May 23, 2023 | 8:38 am
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POSITIVE IMPACT
Zoom Video reported better-than-expected Q1 results and raised its full-year sales outlook.
Zoom Video's better-than-expected Q1 results and raised full-year sales outlook are positive news for the company, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AutoZone is expected to have earned $31.42 per share on revenue of $4.12 billion for the latest quarter.
AutoZone's earnings report will provide insight into the company's financial performance. However, the stock price impact will depend on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Intuit is expected to post quarterly earnings of $8.48 per share on revenue of $6.10 billion after the closing bell.
Intuit's earnings report will provide insight into the company's financial performance. However, the stock price impact will depend on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Lowe's is expected to post quarterly earnings of $3.44 per share on revenue of $21.60 billion before the opening bell.
Lowe's earnings report will provide insight into the company's financial performance. However, the stock price impact will depend on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microvast shares tumbled after the U.S. Department of Energy reportedly canceled contract negotiations for a potential $200 million award.
The cancellation of contract negotiations for a potential $200 million award is negative news for Microvast, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100