Adobe, Buckle And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures traded lower on Friday, with focus on companies like Jabil Inc., Adobe Inc, The Buckle, Inc., Babcock & Wilcox Enterprises, Inc., and Intuitive Surgical, Inc. Jabil is expected to report earnings, Adobe issued weak revenue guidance, Buckle's earnings are anticipated, Babcock & Wilcox reported disappointing results, and Intuitive Surgical gained after FDA clearance for da Vinci 5.
March 15, 2024 | 8:15 am
News sentiment analysis
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NEGATIVE IMPACT
Adobe reported better-than-expected Q1 results but issued weak Q2 revenue guidance, causing shares to tumble 11%.
Weak revenue guidance for the upcoming quarter has led to a significant negative reaction in after-hours trading, indicating a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Babcock & Wilcox reported worse-than-expected Q4 results, leading to an 11.7% drop in shares.
Disappointing fourth-quarter financial results have led to a significant drop in after-hours trading, indicating a likely short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Buckle, Inc. is expected to report earnings of $1.44 per share on revenue of $383.63 million. Shares rose 0.9% in after-hours.
The positive movement in after-hours trading suggests investor optimism about the upcoming earnings report, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intuitive Surgical gained 3.3% after FDA clearance for da Vinci 5, indicating positive market response.
FDA clearance for a new product typically generates positive market sentiment, leading to a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Jabil Inc. is expected to report earnings of $1.68 per share on revenue of $6.89 billion. Shares rose 0.4% in after-hours.
Positive after-hours movement suggests investor optimism ahead of the earnings report, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80