Salesforce, TJX And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Ahead of Wednesday's trading, notable movements include TJX Companies expected to report earnings with a slight gain in after-hours trading, Beyond Meat's shares surging on strong sales forecast, Salesforce also anticipated to report earnings with a modest after-hours gain, Boston Beer facing a dip after disappointing results and leadership change, and HP Inc. expected to report earnings with a slight increase in after-hours trading.
February 28, 2024 | 6:48 am
News sentiment analysis
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NEGATIVE IMPACT
Boston Beer reported weaker-than-expected results for Q4 and announced CEO Dave Burwick's retirement, leading to an 11.6% dip in after-hours trading.
The disappointing earnings report and leadership change at Boston Beer have negatively impacted investor sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Beyond Meat reported stronger-than-expected sales for Q4, with full-year 2024 revenues expected between $315 million and $345 million, causing shares to jump 73.5%.
The significant after-hours surge in Beyond Meat's shares following a strong sales forecast indicates a highly positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Salesforce is expected to report earnings of $2.26 per share on revenue of $9.22 billion, with shares gaining 1% in after-hours trading.
The expected earnings report and the modest gain in after-hours trading for Salesforce suggest a cautiously optimistic outlook, potentially leading to a slight increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HP Inc. is expected to report quarterly earnings at 81 cents per share on revenue of $13.56 billion, with shares gaining 0.1% in after-hours trading.
The anticipation of HP Inc.'s earnings report and the slight after-hours gain indicate a stable investor sentiment, potentially leading to a minor uptick in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TJX Companies is expected to report quarterly earnings at $1.12 per share on revenue of $16.21 billion, with shares gaining 0.8% in after-hours.
The anticipation of TJX's earnings report and the subsequent after-hours gain suggest a positive investor sentiment, potentially leading to a short-term uptick in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80