Walmart, Alibaba And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Lisa Levin
U.S. stock futures are slightly lower with investor focus on earnings reports from Alibaba, Cisco Systems, Walmart, Hillenbrand, and Applied Materials. Alibaba is expected to report before the opening bell, with shares up 0.8% after-hours. Cisco reported higher earnings but lowered future projections, causing an 11% share drop after-hours. Walmart is anticipated to report earnings of $1.52 per share on $159.55 billion revenue, with a slight gain in after-hours trading. Hillenbrand shares rose 4.5% after reporting better-than-expected Q4 results. Applied Materials is expected to report earnings after the closing bell, with a minor dip in after-hours trading.
November 16, 2023 | 8:30 am
News sentiment analysis
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POSITIVE IMPACT
Alibaba is expected to report earnings, with shares up 0.8% after-hours.
Positive after-hours movement suggests investor optimism pre-earnings, potentially leading to a short-term uptick if earnings meet or exceed expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Hillenbrand reported better-than-expected Q4 results, with shares rising 4.5% after-hours.
The better-than-expected earnings results have already positively impacted the stock price, suggesting a continued short-term positive trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Walmart is expected to report earnings of $1.52 per share on revenue of $159.55 billion, with shares slightly up after-hours.
A slight increase in after-hours trading indicates cautious optimism, which could lead to a positive short-term impact if earnings meet expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Applied Materials is expected to report earnings after the closing bell, with a slight dip in after-hours trading.
The minor dip in after-hours trading shows uncertainty, and the short-term impact will heavily depend on the actual earnings report.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Cisco reported higher earnings but lowered future projections, causing shares to drop 11% after-hours.
The lowered projections for FY24 overshadowed the positive earnings report, leading to a significant after-hours stock price decline.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90