Nvidia, Dollar Tree And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
Nvidia reported better-than-expected Q1 results and issued a strong sales forecast, while Dollar Tree, Best Buy, American Eagle Outfitters, and Costco are set to release their earnings. AEO slashed its full-year revenue outlook.
May 25, 2023 | 8:32 am
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American Eagle Outfitters reported in-line earnings for Q1 but slashed its full-year revenue outlook.
American Eagle Outfitters' slashed full-year revenue outlook indicates potential challenges for the company, which may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Best Buy is expected to have earned $1.10 per share on revenue of $9.52 billion for the latest quarter.
Best Buy's earnings release will provide more information on the company's performance. Until then, it is difficult to predict the short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Costco is expected to post quarterly earnings at $3.29 per share on revenue of $54.57 billion after the closing bell.
Costco's earnings release will provide more information on the company's performance. Until then, it is difficult to predict the short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dollar Tree is expected to post quarterly earnings at $1.52 per share on revenue of $7.28 billion before the opening bell.
Dollar Tree's earnings release will provide more information on the company's performance. Until then, it is difficult to predict the short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia reported better-than-expected Q1 results and issued a strong sales forecast for the current quarter.
Nvidia's better-than-expected Q1 results and strong sales forecast for the current quarter indicate positive momentum for the company, which is likely to boost its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100