Uber, Lyft And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street anticipates earnings reports from Emerson Electric, Lyft, Uber, Sturm, Ruger & Company, and Teva Pharmaceutical with mixed pre-market movements. Emerson and Teva are expected to report before the bell, with Emerson's shares up 1.2% and Teva's up 0.4% after-hours. Lyft reported strong sales, leading to a 6.3% increase in shares. Uber's shares also rose by 2.9% ahead of its earnings report. However, Sturm, Ruger reported disappointing results, causing a 5% drop in its shares.
May 08, 2024 | 7:31 am
News sentiment analysis
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NEGATIVE IMPACT
Sturm, Ruger reported disappointing Q1 results, with shares falling 5% after-hours. Earnings and sales missed estimates.
The significant miss on both earnings and sales forecasts has negatively impacted investor sentiment, likely leading to short-term stock depreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Emerson Electric is expected to report earnings of $1.25/share on $4.29B revenue. Shares rose 1.2% after-hours.
Positive after-hours movement suggests investor optimism ahead of the earnings report, potentially leading to short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lyft reported strong Q1 sales, with shares jumping 6.3% after-hours. Q2 bookings are expected between $4B-$4.1B.
Strong sales and positive Q2 outlook have significantly boosted investor confidence, likely leading to short-term stock appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Teva Pharmaceutical's shares slightly up by 0.4% after-hours ahead of its earnings report, with expectations of 51 cents/share on $3.73B revenue.
The slight increase in share price indicates cautious optimism among investors, potentially leading to positive short-term movement depending on the earnings outcome.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Uber's shares rose 2.9% ahead of its earnings report, with expectations of 23 cents/share on $10.11B revenue.
The pre-earnings share price increase reflects positive investor sentiment, potentially leading to further gains depending on the earnings outcome.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80