Disney, Alibaba And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
US Foods Holding Corp., The Walt Disney Company, Alibaba Group Holding Limited, Illumina, Inc., and News Corporation are the stocks to watch heading into Thursday. US Foods and Alibaba are expected to post earnings before the opening bell, while Disney reported better-than-expected earnings for its third quarter. Illumina reported better-than-expected results for its second quarter but lowered its annual profit outlook. News Corp is expected to report earnings after the closing bell.
August 10, 2023 | 7:36 am
News sentiment analysis
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NEGATIVE IMPACT
Illumina reported better-than-expected results for its second quarter, but lowered its annual profit outlook. Its shares fell 5.8% in after-hours trading.
The lowered annual profit outlook could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
News Corp is expected to report quarterly earnings at 9 cents per share on revenue of $2.48 billion. Its shares fell 2% in after-hours trading.
The anticipation of the earnings report could have a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alibaba is expected to have earned $2.02 per share on revenue of $31.20 billion for the latest quarter. Its shares rose 1.2% in after-hours trading.
The anticipation of the earnings report could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Disney reported better-than-expected earnings for its third quarter, while sales missed expectations. Its shares gained 2.2% in after-hours trading.
The better-than-expected earnings could boost the stock price, despite the missed sales expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
US Foods is expected to post quarterly earnings at 76 cents per share on revenue of $9.34 billion. Its shares rose 1.5% in after-hours trading.
The anticipation of the earnings report could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100