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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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
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
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