Micron, Carnival And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher, with investor focus on CarMax, Micron Technology, NIKE, BlackBerry, and Carnival Corporation ahead of their earnings reports. CarMax is expected to report earnings of 44 cents per share on revenue of $6.33 billion. Micron reported better-than-expected sales and strong guidance, causing its shares to rise 4.8%. NIKE is anticipated to earn 84 cents per share on revenue of $13.43 billion. BlackBerry reported a surprise profit and provided Q4 revenue guidance, but its shares fell 4.2%. Carnival is expected to post a quarterly loss of 13 cents per share on revenue of $5.31 billion, with its shares slightly up by 0.5%.
December 21, 2023 | 9:54 am
News sentiment analysis
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NEGATIVE IMPACT
BlackBerry reported a surprise profit and provided Q4 revenue guidance, but shares dropped 4.2% in after-hours trading.
Despite the surprise profit, the decline in share price indicates a negative short-term impact, possibly due to market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Carnival Corporation is expected to post a quarterly loss of 13 cents per share on revenue of $5.31 billion, with a slight 0.5% increase in shares.
The expected loss for Carnival may already be priced in, as indicated by the minimal increase in share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
CarMax is expected to report earnings of 44 cents per share on revenue of $6.33 billion. Shares slightly rose in after-hours trading.
The expected earnings report is significant for investors, but the slight after-hours rise indicates a neutral market reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NIKE is expected to report earnings of 84 cents per share on revenue of $13.43 billion, with shares gaining 0.4% in after-hours trading.
The anticipation of NIKE's earnings report is high, but the modest after-hours gain suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Micron Technology reported better-than-expected sales and issued strong guidance, leading to a 4.8% rise in after-hours trading.
The better-than-expected sales and strong guidance are likely to positively impact Micron's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90