SLB, Travelers Companies And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Investors are watching several stocks as U.S. futures trade mixed. Travelers Companies (TRV) is expected to report earnings of $5.07/share on $9.99 billion revenue. PPG Industries (PPG) reported better-than-expected Q4 earnings and provided EPS guidance for Q1 and FY24. Schlumberger (SLB) is anticipated to post earnings of 84 cents/share on $8.96 billion revenue. AST SpaceMobile (ASTS) announced a $100 million stock offering and strategic investment from AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone, causing its shares to dip. State Street (STT) is expected to report earnings of $1.83/share on $2.95 billion revenue.
January 19, 2024 | 7:51 am
News sentiment analysis
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POSITIVE IMPACT
PPG Industries reported better-than-expected Q4 earnings and provided optimistic EPS guidance, which may lead to a positive short term impact on its stock.
Earnings beats and positive future guidance often result in stock price appreciation as they reflect the company's growth potential.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Travelers Companies is expected to report strong earnings, which could positively impact its stock price in the short term.
Positive earnings expectations typically lead to an increase in stock price as investors anticipate strong financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Alphabet's investment in AST SpaceMobile is a strategic move, but it is unlikely to have a major short term impact on Alphabet's stock.
Investments in external companies are typically not immediate stock price drivers for large conglomerates like Alphabet.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Similar to GOOG, Alphabet's investment in AST SpaceMobile through GOOGL is strategic and likely to have a minimal short term impact on the stock.
As with GOOG, Alphabet's investment in AST SpaceMobile is not expected to be a significant driver for GOOGL's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Schlumberger is expected to report earnings of 84 cents per share, which may influence its stock price depending on how it compares to expectations.
The stock's movement will depend on whether Schlumberger's earnings meet, exceed, or fall short of expectations.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
State Street is expected to post earnings of $1.83 per share, which could impact its stock price if the actual results differ from expectations.
The stock price movement will be contingent on how the reported earnings align with market expectations.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
AT&T's strategic investment in AST SpaceMobile may not have a significant short term impact on its stock, as the focus is on the investment rather than AT&T's core business.
Strategic investments are generally seen as long-term plays and may not significantly affect the investor sentiment in the short term.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEGATIVE IMPACT
AST SpaceMobile's stock offering and strategic investment news caused an 8.9% dip in after-hours trading, indicating a negative short term impact.
The dilutive effect of a stock offering and the market's reaction to the news can lead to a short term decline in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95