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
Sort by:
Descending
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
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