Ford, Eli Lilly And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
Eli Lilly, NXP Semiconductors, Cummins, Amkor Technology, and Ford are stocks to watch, with Eli Lilly and Cummins expected to report earnings, NXP Semiconductors and Amkor Technology posting Q4 results, and Ford anticipated to report earnings after the bell.
February 06, 2024 | 7:06 am
News sentiment analysis
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NEGATIVE IMPACT
Amkor Technology reported better-than-expected Q4 sales but issued a weak forecast for the current quarter. Shares fell 5.5% to $30.55 in after-hours.
Despite strong Q4 sales, the weak forecast for the current quarter has negatively impacted Amkor Technology's short-term stock outlook.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cummins is expected to report earnings of $4.48 per share on revenue of $8.14 billion. Shares rose 1.6% to $245.00 in after-hours trading.
Anticipation of earnings report and positive after-hours trading movement suggest a favorable short-term outlook for Cummins.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ford is expected to report earnings of 13 cents per share on revenue of $40.14 billion. Shares gained 0.5% to $11.65 in after-hours trading.
The slight increase in after-hours trading and anticipation of earnings report suggest a cautiously optimistic short-term outlook for Ford.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eli Lilly is expected to report earnings of $2.19 per share on revenue of $8.93 billion. Shares rose 2.4% to $723.00 in after-hours trading.
Positive anticipation of earnings report and after-hours share price increase suggest a bullish outlook for Eli Lilly in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NXP Semiconductors posted better-than-expected Q4 earnings and forecasts Q1 adjusted profit between $2.97 and $3.38 per share. Shares climbed 3.6% to $229.00 in after-hours.
Strong Q4 performance and optimistic Q1 profit forecast indicate a positive short-term outlook for NXP Semiconductors.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90