Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
Bank of America, Morgan Stanley, My Size, Mitek Systems, and Johnson & Johnson are stocks to watch due to earnings reports and a reverse stock split. Bank of America and Morgan Stanley are expected to report earnings before the opening bell, with analysts predicting specific EPS and revenue figures. My Size announced a 1-for-8 reverse stock split, causing its shares to jump in after-hours trading. Mitek Systems reported worse-than-expected Q1 financial results, leading to a share price drop. Johnson & Johnson is also anticipated to report earnings, with its shares slightly falling in after-hours trading.
April 16, 2024 | 6:10 am
News sentiment analysis
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NEGATIVE IMPACT
Mitek Systems reported worse-than-expected Q1 results, with shares falling 5.5% in after-hours trading.
The negative reaction to Mitek Systems' earnings miss, reflected in the share price drop, indicates a short-term negative impact on investor sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Bank of America is expected to report quarterly earnings at 77 cents per share on revenue of $25.46 billion. Shares fell slightly in after-hours trading.
The anticipation of Bank of America's earnings report and slight share price movement in after-hours trading suggest a neutral short-term impact, as investors await actual earnings results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Johnson & Johnson is expected to report quarterly earnings at $2.64 per share on revenue of $21.40 billion, with shares slightly down in after-hours trading.
The slight dip in Johnson & Johnson's share price ahead of its earnings report suggests a cautious investor outlook, with a neutral short-term impact expected.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley is expected to post quarterly earnings at $1.66 per share on revenue of $14.41 billion. Shares rose in after-hours trading.
Positive investor sentiment is indicated by the rise in Morgan Stanley's share price ahead of its earnings report, suggesting optimism about the expected financial results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
My Size announced a 1-for-8 reverse stock split, leading to a 10.3% jump in shares in after-hours trading.
The reverse stock split and subsequent share price jump suggest a positive short-term impact, possibly due to a perceived increase in stock value or investor optimism.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80