Best Buy, HP And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
Wall Street expects Best Buy, HP, NIO, and The J. M. Smucker Company to post their quarterly earnings today. Best Buy and HP shares gained in after-hours trading, while HEICO shares fell despite better-than-expected earnings and sales results for Q3.
August 29, 2023 | 8:13 am
News sentiment analysis
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NEGATIVE IMPACT
HEICO posted better-than-expected earnings and sales results for Q3, but its shares fell 5.6% in after-hours trading.
Despite positive earnings, the drop in after-hours trading indicates a negative short-term impact on HEICO's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Best Buy is expected to post quarterly earnings at $1.06 per share on revenue of $9.52 billion. Its shares gained 0.3% in after-hours trading.
The anticipation of the earnings report and the slight increase in after-hours trading suggest a positive short-term impact on Best Buy's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HP is expected to have earned 86 cents per share on revenue of $13.38 billion for the latest quarter. Its shares gained 0.1% in after-hours trading.
The anticipation of the earnings report and the slight increase in after-hours trading suggest a positive short-term impact on HP's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NIO is expected to report a quarterly loss at 36 cents per share on revenue of $1.35 billion. Its shares gained 0.5% in after-hours trading.
Despite the expected loss, the increase in after-hours trading suggests a positive short-term impact on NIO's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The J. M. Smucker Company is expected to report quarterly earnings at $2.04 per share on revenue of $1.84 billion. Its shares gained 2% in after-hours trading.
The anticipation of the earnings report and the increase in after-hours trading suggest a positive short-term impact on Smucker's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100