U.S. Bancorp, Charles Schwab And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with investor focus on earnings reports from U.S. Bancorp, Interactive Brokers Group, Charles Schwab, Progress Software, and Discover Financial Services. U.S. Bancorp is expected to report earnings before the opening bell, while Charles Schwab and Discover Financial will also release their earnings. Interactive Brokers posted weaker-than-expected Q4 earnings, and Progress Software reported strong Q4 results and provided FY24 guidance.
January 17, 2024 | 7:11 am
News sentiment analysis
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NEGATIVE IMPACT
Interactive Brokers Group reported weaker-than-expected earnings for Q4, with shares falling 2.6% in after-hours trading.
The earnings miss is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Discover Financial Services is expected to report earnings at $2.51 per share on revenue of $4.10 billion after the closing bell. Shares remained nearly unchanged in after-hours trading.
Discover Financial's upcoming earnings report could cause stock movement, but the lack of significant after-hours change suggests a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Charles Schwab is expected to report earnings of 64 cents per share on revenue of $4.48 billion. Shares slightly rose in after-hours trading.
With earnings expected, Charles Schwab's stock may see movement, but the slight after-hours rise indicates a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
U.S. Bancorp is expected to report quarterly earnings at 98 cents per share on revenue of $6.86 billion before the opening bell. Shares fell 1.8% on Tuesday.
U.S. Bancorp's earnings report is imminent, which typically results in increased volatility. The prior day's stock decline suggests cautious investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Progress Software reported strong Q4 results and provided positive FY24 guidance, with shares climbing 4.7% in after-hours trading.
The strong earnings report and positive guidance are likely to positively influence investor sentiment and could lead to an increase in stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90