Dollar General, Broadcom And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with investor focus on earnings reports from Dollar General, Verint Systems, Lululemon Athletica, Couchbase, and Broadcom. Dollar General is expected to report earnings before the opening bell, while Lululemon and Broadcom will report after the close. Verint Systems reported better-than-expected results and issued guidance, causing its shares to jump in after-hours trading. Couchbase also reported upbeat results and a strong revenue outlook, leading to a share price increase in after-hours trading.
December 07, 2023 | 8:06 am
News sentiment analysis
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NEGATIVE IMPACT
Dollar General is expected to report quarterly earnings of $1.19 per share on revenue of $9.65 billion before the market opens. Shares fell 2.9% after-hours.
The after-hours drop in Dollar General's shares suggests that the market may be anticipating a less favorable earnings report, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Broadcom is expected to post quarterly earnings of $10.98 per share on revenue of $9.41 billion, with results to be released after market close. Shares gained 0.2% after-hours.
Broadcom's minimal after-hours share price increase indicates a neutral market sentiment ahead of the earnings report, with the actual results likely to drive the short-term stock direction.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Analysts expect Lululemon Athletica to earn $2.28 per share on revenue of $2.19 billion after the closing bell. Shares slipped 0.1% in after-hours trading.
The slight movement in Lululemon's share price after-hours suggests a neutral market expectation, and the actual earnings report will determine the short-term impact.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Couchbase reported upbeat results for its third quarter and issued a strong revenue outlook for FY24, leading to a 1.9% rise in shares after-hours.
Couchbase's positive earnings report and future revenue outlook have positively influenced its stock price in the short term, as evidenced by the after-hours trading activity.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Verint Systems reported better-than-expected financial results for its third quarter and issued guidance, causing its shares to jump 11.5% in after-hours trading.
The positive earnings report and guidance from Verint Systems have already resulted in a significant after-hours stock price increase, indicating a likely short-term positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100