Dollar Tree, Salesforce And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Lisa Levin
U.S. stock futures are trading higher, with investor focus on earnings reports from several companies. Dollar Tree (DLTR) is expected to report earnings of $1.01 per share on revenue of $7.40 billion. Workday (WDAY) reported better-than-expected third-quarter earnings, causing its shares to rise 7.1% after hours. Salesforce (CRM) is anticipated to post earnings of $2.06 per share on revenue of $8.73 billion, with its shares up 0.9% after hours. CrowdStrike (CRWD) also reported better-than-expected earnings and provided strong guidance, though its shares dropped 0.8% after hours. Hormel Foods (HRL) is expected to report earnings of 44 cents per share on revenue of $3.26 billion, with a slight 0.2% decrease in its shares after hours.
November 29, 2023 | 6:53 am
News sentiment analysis
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NEUTRAL IMPACT
CrowdStrike reported better-than-expected earnings and provided strong guidance, but shares fell 0.8% after hours.
The negative after-hours reaction could be due to profit-taking or other market factors. Strong guidance suggests a neutral to positive outlook, but investor sentiment is mixed short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Hormel Foods is expected to post earnings of 44 cents per share on revenue of $3.26 billion, with shares slightly down after hours.
The minimal decline in after-hours trading indicates a neutral market reaction. The actual earnings outcome will determine the short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Salesforce is expected to earn $2.06 per share on revenue of $8.73 billion, with shares up 0.9% after hours.
The slight increase in after-hours trading could suggest cautious optimism. Positive earnings results could further boost the stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Dollar Tree is expected to report earnings of $1.01 per share on revenue of $7.40 billion. Shares gained 1.6% after hours.
Positive after-hours movement suggests investor optimism pre-earnings. If actual earnings match or exceed expectations, short-term impact is likely positive.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Workday reported upbeat earnings for its third quarter, with shares climbing 7.1% in after-hours trading.
The positive earnings report has already led to a significant after-hours stock price increase, indicating a likely continued positive short-term impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90