Dollar General, Broadcom And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
Dollar General, Broadcom, NetApp, Salesforce, and Hormel Foods are stocks to watch on Thursday. Dollar General and Hormel Foods are set to report earnings before the opening bell, while Broadcom will release earnings after the market closes. NetApp and Salesforce reported better-than-expected results for their respective quarters.
June 01, 2023 | 8:12 am
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POSITIVE IMPACT
NetApp reported better-than-expected results for its fourth quarter and provided FY24 adjusted earnings guidance above market estimates.
NetApp's better-than-expected results and strong guidance are positive news for the stock, which has already surged 7% in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Broadcom is expected to report earnings of $10.08 per share on revenue of $8.71 billion for the latest quarter after the market closes.
Broadcom's earnings report will likely impact its stock price, but the direction depends on whether the results meet, exceed, or miss expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dollar General is expected to post quarterly earnings of $2.38 per share on revenue of $9.46 billion before the opening bell.
Dollar General's earnings report will likely impact its stock price, but the direction depends on whether the results meet, exceed, or miss expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Hormel Foods is expected to post quarterly earnings of 40 cents per share on revenue of $3.05 billion before the opening bell.
Hormel Foods' earnings report will likely impact its stock price, but the direction depends on whether the results meet, exceed, or miss expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Salesforce posted better-than-expected earnings and sales results for its first quarter, but shares dropped 5.8% in after-hours trading.
Despite better-than-expected results, Salesforce's stock price dropped in after-hours trading, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90