Intel, American Express And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with focus on earnings reports from American Express (AXP), Intel (INTC), Colgate-Palmolive (CL), Western Digital (WDC), and Booz Allen Hamilton (BAH). AXP is expected to report earnings of $2.64 per share on revenue of $16.00 billion. INTC reported higher Q4 results but forecasted a weak Q1, causing a 10.9% drop in after-hours trading. CL is expected to report earnings of 85 cents per share on revenue of $4.90 billion. WDC reported better-than-expected Q2 results but expects Q3 revenue between $3.20 billion and $3.40 billion, with potential losses, leading to a 5% drop in after-hours trading. BAH is expected to post earnings of $1.14 per share on revenue of $2.54 billion.
January 26, 2024 | 9:18 am
News sentiment analysis
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NEGATIVE IMPACT
Intel reported higher Q4 results but a weak Q1 forecast, leading to a 10.9% drop in after-hours trading.
The negative reaction to the weak Q1 forecast is likely to continue into the short term, pressuring the stock price further.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Western Digital reported better-than-expected Q2 earnings but provided a Q3 forecast with potential losses, causing a 5% drop in after-hours trading.
The negative outlook for Q3 is likely to overshadow the positive Q2 results, leading to a bearish short term sentiment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85
NEUTRAL IMPACT
American Express is expected to report earnings of $2.64 per share on revenue of $16.00 billion. Shares fell 0.8% in after-hours trading.
The expected earnings are factored into the stock price, but the slight after-hours dip indicates uncertainty. The actual earnings report could sway the stock in either direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Booz Allen Hamilton is expected to post earnings of $1.14 per share on revenue of $2.54 billion. Shares slipped 0.02% in after-hours trading.
The minimal change in after-hours trading suggests a neutral market sentiment, with the actual earnings likely to be the deciding factor for stock movement.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 65
NEUTRAL IMPACT
Colgate-Palmolive is expected to report earnings of 85 cents per share on revenue of $4.90 billion. Shares gained 0.7% in after-hours trading.
Investors are cautiously optimistic as reflected by the slight increase in after-hours trading, but the actual earnings will determine the stock's direction.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70