JM Smucker, AutoZone And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
U.S. stock futures are trading lower, with focus on earnings reports from The J. M. Smucker Company (SJM), GitLab Inc. (GTLB), AutoZone, Inc. (AZO), Merit Medical Systems, Inc. (MSI), and Toll Brothers, Inc. (TOL). SJM is expected to report earnings of $2.48 per share on revenue of $1.95 billion. GTLB posted strong Q3 results and a positive FY24 forecast, causing shares to surge 16.2%. AZO is anticipated to report earnings of $31.18 per share on revenue of $4.20 billion. MSI announced a $550 million private placement of convertible senior notes, leading to a 3.8% share price drop. TOL is expected to report earnings of $3.71 per share on revenue of $2.78 billion after market close.
December 05, 2023 | 7:13 am
News sentiment analysis
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POSITIVE IMPACT
GitLab Inc. reported better-than-expected Q3 results and issued a strong FY24 forecast, leading to a 16.2% surge in after-hours trading.
Positive earnings and forecasts typically lead to stock price increases. The after-hours surge indicates a strong short-term bullish impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
AutoZone, Inc. is expected to report earnings of $31.18 per share on revenue of $4.20 billion. Shares saw a slight 0.2% increase in after-hours trading.
Earnings anticipation has led to a modest increase in share price, suggesting a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
The J. M. Smucker Company is expected to report earnings of $2.48 per share on revenue of $1.95 billion. Shares gained 1% in after-hours trading.
Earnings reports can cause stock price volatility, but the after-hours gain suggests a neutral to positive market expectation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Toll Brothers, Inc. is expected to post earnings of $3.71 per share on revenue of $2.78 billion, with a minor 0.1% share price drop after-hours.
The slight drop in after-hours trading ahead of earnings indicates uncertainty, but overall impact is neutral short-term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Merit Medical Systems, Inc. reported a proposed private placement of $550 million of convertible senior notes, causing a 3.8% decline in after-hours trading.
The announcement of convertible note placements can dilute equity and often leads to negative short-term price reactions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85