Pinterest, PepsiCo And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower with focus on PepsiCo, Take-Two Interactive, Plains All American Pipeline, Pinterest, and Magna International ahead of Friday's trading. PepsiCo is expected to report earnings of $1.72 per share on $28.40 billion revenue. Take-Two's Q3 net bookings fell 3% YOY, and it lowered its 2024 forecast. Plains All American is anticipated to earn 37 cents per share on $12.65 billion revenue. Pinterest reported strong Q4 earnings but missed sales estimates, expecting Q1 revenue below estimates. Magna International is expected to report earnings of $1.48 per share on $10.46 billion revenue.
February 09, 2024 | 7:45 am
News sentiment analysis
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POSITIVE IMPACT
Plains All American Pipeline is expected to earn 37 cents per share on $12.65 billion revenue. Shares rose 1% in after-hours trading.
Positive anticipation for earnings and an increase in after-hours trading suggest a short-term positive impact on Plains All American Pipeline's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
PepsiCo is expected to report quarterly earnings at $1.72 per share on revenue of $28.40 billion. Shares rose 0.6% in after-hours trading.
Positive earnings expectations and a rise in after-hours trading suggest a short-term positive impact on PepsiCo's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Magna International is expected to report earnings of $1.48 per share on $10.46 billion revenue. Shares fell 0.7% in after-hours trading.
With earnings expectations set, the slight dip in after-hours trading suggests a neutral short-term impact on Magna International's stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Pinterest reported strong Q4 earnings but missed sales estimates, expecting Q1 revenue below estimates. Shares tumbled 9.2% in after-hours.
Despite strong Q4 earnings, the miss on sales estimates and lower expected Q1 revenue could negatively impact Pinterest's stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Take-Two reported Q3 net bookings down 3% YOY and lowered its 2024 forecast. Shares dipped 9.2% in after-hours trading.
The decrease in net bookings and lowered forecast indicate potential concerns, likely leading to a short-term negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90