Alphabet, Boeing And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower with investor focus on upcoming earnings reports. Boeing (BA) is expected to report a quarterly loss before the opening bell, while Alphabet (GOOG, GOOGL) shares dropped after Q4 earnings with lower ad sales. QUALCOMM (QCOM) is anticipated to post earnings after market close. Microsoft (MSFT) reported better-than-expected Q2 results, and Phillips 66 (PSX) is also expected to report earnings before the market opens.
January 31, 2024 | 8:56 am
News sentiment analysis
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POSITIVE IMPACT
Microsoft reported better-than-expected Q2 results, but shares saw a marginal drop in after-hours trading.
Despite the after-hours dip, the strong earnings report is likely to have a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Phillips 66 is expected to report earnings before the market opens, with a slight decrease in after-hours trading.
The small after-hours trading movement suggests a wait-and-see approach from investors until the earnings are released.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
QUALCOMM is expected to report earnings after the market close, with a slight decline in after-hours trading.
The slight decline in after-hours trading may not be indicative of the market's reaction to the actual earnings report, hence a neutral score.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Boeing is expected to report a quarterly loss, with shares slightly down in after-hours trading.
Anticipation of a quarterly loss could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Alphabet's Q4 earnings beat expectations, but shares fell due to advertising sales not meeting market estimates.
The drop in share price post-earnings, especially due to a key revenue segment like advertising missing estimates, suggests a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90