Cisco, Deere And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
Cisco Systems reported better-than-expected Q2 results but weak full-year 2024 guidance and a workforce cut plan, causing shares to drop. US Foods Holding is expected to report earnings with shares slightly up. Deere & Company's earnings anticipation caused a minor share decrease. HubSpot reported strong Q4 results and FY24 guidance, boosting shares. Coinbase Global is expected to report a quarterly loss, yet shares increased.
February 15, 2024 | 7:37 am
News sentiment analysis
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NEGATIVE IMPACT
Cisco reported better-than-expected Q2 results but issued weak 2024 guidance and announced job cuts, leading to a 5.3% share price drop.
The negative reaction in after-hours trading to the weak 2024 guidance and job cuts announcement indicates a short-term bearish outlook for Cisco's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Deere & Company is expected to report earnings of $5.21 per share on revenue of $10.34 billion, with a slight 0.4% decrease in shares.
The minor decrease in share price suggests a cautious market sentiment ahead of the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Coinbase Global is expected to report a quarterly loss at 1 cent per share, yet shares rose 4.1% in after-hours trading.
The increase in share price despite the expected loss suggests investor optimism or other factors influencing the stock positively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
HubSpot reported strong Q4 results and issued positive FY24 guidance, leading to a 1.8% increase in shares.
The positive reaction in after-hours trading to the strong Q4 results and optimistic FY24 guidance indicates a bullish short-term outlook for HubSpot's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
US Foods Holding is expected to report earnings at 67 cents per share on revenue of $8.79 billion, with shares up 0.5% in after-hours.
The slight increase in share price indicates a cautiously optimistic outlook from investors regarding the upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70