Kraft Heinz, Yum China And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
CVS Health Corporation, Big 5 Sporting Goods Corporation, McKesson Corporation, Yum China Holdings, Inc., and The Kraft Heinz Company are the stocks to watch heading into Wednesday. CVS and Kraft Heinz are expected to report their quarterly earnings, while Big 5 Sporting Goods and Yum China have reported weaker-than-expected results for their third quarter. McKesson is also set to release its earnings after the markets close.
November 01, 2023 | 6:02 am
News sentiment analysis
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POSITIVE IMPACT
CVS is expected to report quarterly earnings at $2.13 per share on revenue of $88.25 billion. Its shares rose 0.3% in after-hours trading.
The anticipation of the earnings report could lead to increased trading activity, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kraft Heinz is expected to report quarterly earnings at 66 cents per share on revenue of $6.72 billion. Its shares gained 0.6% in after-hours trading.
The anticipation of the earnings report could lead to increased trading activity, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
McKesson is expected to earn $6.13 per share on revenue of $75.99 billion for the latest quarter. Its shares gained 1.3% on Tuesday.
The anticipation of the earnings report could lead to increased trading activity, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Big 5 Sporting Goods reported weaker-than-expected results for its third quarter, causing its shares to dip 15% in after-hours trading.
The weaker-than-expected results could negatively impact investor sentiment, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Yum China reported worse-than-expected financial results for its third quarter, causing its shares to dip 8.8% in after-hours trading.
The weaker-than-expected results could negatively impact investor sentiment, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100