FedEx, Alibaba And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
FedEx, Alibaba, La-Z-Boy, Nikola, and Smart Share Global are stocks to watch on Tuesday. FedEx is expected to report quarterly earnings of $4.89 per share on revenue of $22.77 billion. Alibaba announced Eddie Wu as the new CEO. La-Z-Boy is expected to report earnings of 72 cents per share on revenue of $533.03 million. Nikola plans to lay off 270 employees. Smart Share Global is expected to post a quarterly loss of 2 cents per share on revenue of $114.09 million.
June 20, 2023 | 8:09 am
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Nikola announced plans to lay off a total of 270 employees.
The announcement of layoffs may negatively impact Nikola's stock price in the short term, as it signals potential financial difficulties or restructuring efforts within the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Alibaba announced Eddie Wu as the new CEO, succeeding Daniel Zhang.
The announcement of a new CEO may cause short-term uncertainty for Alibaba's stock price. However, the long-term impact will depend on Eddie Wu's leadership and the company's performance under his direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Smart Share Global is expected to post a quarterly loss of 2 cents per share on revenue of $114.09 million.
Smart Share Global's earnings report will provide insight into the company's financial performance. However, the stock's short-term price movement will depend on whether the results meet or exceed market expectations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
FedEx is expected to report quarterly earnings of $4.89 per share on revenue of $22.77 billion.
FedEx's earnings report will provide insight into the company's financial performance. However, the stock's short-term price movement will depend on whether the results meet or exceed market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
La-Z-Boy is expected to report earnings of 72 cents per share on revenue of $533.03 million.
La-Z-Boy's earnings report will provide insight into the company's financial performance. However, the stock's short-term price movement will depend on whether the results meet or exceed market expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100