Dollar General, Hormel Foods And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
Dollar General, Salesforce, Broadcom, Five Below, and Hormel Foods are stocks to watch heading into Thursday. Dollar General is expected to post quarterly earnings of $2.46 per share on revenue of $9.92 billion. Salesforce reported better-than-expected Q2 results and raised its annual revenue outlook. Broadcom is expected to have earned $10.42 per share on revenue of $8.86 billion. Five Below posted upbeat Q2 results but issued a weak outlook for Q3. Hormel Foods is expected to report quarterly earnings of 41 cents per share on revenue of $3.05 billion.
August 31, 2023 | 8:09 am
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POSITIVE IMPACT
Salesforce reported better-than-expected Q2 results and raised its annual revenue outlook.
The positive earnings report and raised revenue outlook are likely to boost the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Broadcom is expected to have earned $10.42 per share on revenue of $8.86 billion.
The stock price will depend on whether the company meets, exceeds or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dollar General is expected to post quarterly earnings of $2.46 per share on revenue of $9.92 billion.
The stock price will depend on whether the company meets, exceeds or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Hormel Foods is expected to report quarterly earnings of 41 cents per share on revenue of $3.05 billion.
The stock price will depend on whether the company meets, exceeds or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Five Below posted upbeat Q2 results but issued a weak outlook for Q3.
Despite positive Q2 results, the weak Q3 outlook could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100