Walmart, Best Buy And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Lisa Levin
Investors are watching several stocks as U.S. futures trade mixed. H World Group (HTHT) is expected to report earnings, with shares slightly down in after-hours. American Eagle (AEO) reported a revenue increase, beating estimates, with shares up 1%. Jianpu Technology (JT) will report unaudited Q3 results, with shares last at $1.02. Best Buy (BBY) reported strong Q3 earnings but cut FY24 guidance, with shares slightly up. Walmart (WMT) had upbeat Q3 sales but shares fell slightly.
November 24, 2023 | 9:24 am
News sentiment analysis
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NEGATIVE IMPACT
Best Buy reported strong Q3 earnings but lowered its FY24 guidance, with shares up 0.6%.
While Q3 earnings were strong, the lowered guidance for FY24 could negatively impact investor sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 75
NEUTRAL IMPACT
H World Group is expected to report quarterly earnings, with a slight decline in after-hours trading.
Earnings reports can cause stock price volatility, but the minimal after-hours movement suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Jianpu Technology is set to report its Q3 unaudited financial results, with shares last at $1.02.
Pending earnings report could influence stock price, but no clear direction indicated from the current share price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
American Eagle Outfitters reported a 5% revenue increase YOY for Q3, beating estimates, with shares up 1%.
Beating revenue estimates and a share price increase suggest a positive short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Walmart reported upbeat Q3 sales results but saw a slight decline in share price by 0.8%.
Despite the share price dip, strong sales results could indicate a positive outlook for the holiday season, potentially lifting the stock short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85