Apple, Qualcomm And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
Apple, Qualcomm, ConocoPhillips, PayPal, and Starbucks are the stocks to watch heading into Thursday. Apple and Starbucks are expected to report their quarterly earnings, while Qualcomm and PayPal have reported better-than-expected financial results. ConocoPhillips shares fell by 1.8% on Wednesday.

November 02, 2023 | 9:57 am
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NEGATIVE IMPACT
ConocoPhillips is expected to report earnings of $2.08 per share on revenue of $15.07 billion. Its shares fell 1.8% on Wednesday.
The drop in ConocoPhillips' share price ahead of its earnings report suggests a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Apple is expected to report quarterly earnings at $1.39 per share on revenue of $89.28 billion. Its shares rose 0.4% in after-hours trading.
The anticipation of Apple's earnings report and the slight increase in its share price suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PayPal reported better-than-expected earnings for Q3 and raised its adjusted profit outlook for the full year. Its shares gained 3.9% in after-hours trading.
PayPal's strong Q3 performance and raised profit outlook indicate a positive short-term impact on its stock.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Qualcomm reported better-than-expected financial results for Q4 and issued strong guidance for Q1. Its shares gained 3.8% in after-hours trading.
Qualcomm's strong financial performance and positive guidance for the next quarter indicate a positive short-term impact on its stock.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Starbucks is expected to report quarterly earnings at 97 cents per share on revenue of $9.29 billion. Its shares gained 1.1% in after-hours trading.
The anticipation of Starbucks' earnings report and the slight increase in its share price suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100