Starbucks, Phillips 66 And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
Phillips 66, Starbucks Corporation, McKesson Corporation, Pinterest, Inc., and QUALCOMM Incorporated are the stocks to watch heading into Wednesday. Phillips 66 is expected to post quarterly earnings of $3.54 per share on revenue of $32.13 billion. Starbucks reported better-than-expected earnings for its third quarter, but sales missed estimates. McKesson is expected to have earned $5.88 per share on revenue of $70.25 billion for the latest quarter. Pinterest posted upbeat earnings and sales results for its second quarter. QUALCOMM is expected to report quarterly earnings at $1.81 per share on revenue of $8.51 billion.
August 04, 2023 | 10:42 am
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POSITIVE IMPACT
McKesson is expected to have strong earnings for the latest quarter. The stock rose 0.1% in after-hours trading.
Strong earnings expectations typically have a positive impact on the stock price. The after-hours gain suggests investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Phillips 66 is expected to post strong quarterly earnings. The stock gained 0.3% in after-hours trading.
Strong earnings expectations typically have a positive impact on the stock price. The after-hours gain suggests investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QUALCOMM is expected to report strong quarterly earnings. The stock fell 0.2% in after-hours trading.
While the earnings expectations are strong, the slight decline in after-hours trading suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Pinterest posted upbeat earnings and sales results for its second quarter. However, the stock fell 2.8% in after-hours trading.
Despite the positive earnings and sales results, the stock price fell, suggesting other factors at play that are concerning investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Starbucks reported better-than-expected earnings but missed sales estimates. The stock declined 1.3% in after-hours trading.
While the earnings beat expectations, the sales miss could negatively impact the stock price. The after-hours decline suggests investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100