Abbott Laboratories, U.S. Bancorp And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Stocks to watch include Abbott Laboratories, Intra-Cellular Therapies, U.S. Bancorp, Ontrak, and The Travelers Companies, with a focus on upcoming earnings reports and financial results. Abbott Laboratories is expected to report earnings with a positive after-hours trading response, while Intra-Cellular Therapies announced a $500 million public offering, leading to a stock price decline. U.S. Bancorp's earnings expectations are set, with a slight decrease in after-hours trading. Ontrak reported worse-than-expected financial results, causing a significant drop in its stock price. The Travelers Companies is anticipated to post earnings, with a slight increase in after-hours trading.
April 17, 2024 | 6:06 am
News sentiment analysis
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NEGATIVE IMPACT
Intra-Cellular Therapies announced a $500 million public offering, leading to a 1.3% decline in after-hours trading.
The announcement of a significant public offering often leads to concerns about dilution, causing a short-term negative impact on stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Ontrak reported worse-than-expected Q4 results, with a 14.2% drop in after-hours trading.
Significantly missing earnings and sales estimates typically results in a sharp decline in stock price, as seen with Ontrak.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
U.S. Bancorp is expected to post earnings at 88 cents per share on revenue of $6.72 billion, with a slight decrease in after-hours trading.
The slight decrease in after-hours trading suggests a cautious investor sentiment, potentially leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Abbott Laboratories is expected to report quarterly earnings at 95 cents per share on revenue of $9.88 billion, with shares up 1% in after-hours.
Positive after-hours trading movement suggests investor optimism ahead of the earnings report, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Travelers Companies is anticipated to post earnings at $4.90 per share, with shares up 0.8% in after-hours trading.
A positive after-hours trading response indicates investor optimism, potentially leading to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80