Stitch Fix, Target And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures traded lower, with focus on Target's expected earnings, AeroVironment's Q4 results, Ross Stores' earnings anticipation, Stitch Fix's disappointing Q2 results, and Nordstrom's expected earnings. Target and AeroVironment shares rose in after-hours trading, while Stitch Fix shares dipped significantly.
March 05, 2024 | 7:20 am
News sentiment analysis
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NEGATIVE IMPACT
Stitch Fix reported disappointing Q2 results and a weak FY24 revenue forecast, leading to a 14.7% drop in shares to $2.7992 after hours.
The significant after-hours drop reflects investor concerns over Stitch Fix's future revenue and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
AeroVironment reported better-than-expected Q4 results and forecasts FY24 earnings of $2.69 to $2.83 per share. Shares surged 19.4% to $156.00 after hours.
The significant after-hours price jump reflects strong investor confidence in AeroVironment's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Nordstrom is expected to report earnings of 86 cents per share on $4.38 billion revenue. Shares rose 0.8% to $20.75 after hours.
The slight after-hours increase suggests mild investor optimism ahead of Nordstrom's earnings report.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Ross Stores is expected to report earnings of $1.65 per share on $5.81 billion revenue. Shares gained 0.5% to $150.69 after hours.
Modest after-hours gain indicates cautious optimism among investors ahead of the earnings report.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Target is expected to report earnings of $2.41 per share on $31.83 billion revenue. Shares rose 1.3% to $152.50 after hours.
Positive after-hours movement suggests investor optimism ahead of the earnings report, potentially leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90