Tencent Music Entertainment, StoneCo And 3 Stocks To Watch Heading Into Monday
Portfolio Pulse from Avi Kapoor
Tencent Music Entertainment, StoneCo, JanOne, Forward Industries, and Paysafe are stocks to watch, with earnings reports and a significant acquisition announced. TME and STNE are set for their earnings release, JAN announces acquisition plans, FORD reports a quarterly loss, and PSFE is also expected to release earnings.
May 13, 2024 | 6:11 am
News sentiment analysis
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NEGATIVE IMPACT
Tencent Music Entertainment is expected to report quarterly earnings at 14 cents per share on revenue of $916.95 million. Shares fell 0.6% to $13.26 in after-hours trading.
The slight drop in after-hours trading suggests a cautious market sentiment ahead of the earnings report, potentially impacting short-term stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Forward Industries reported a second-quarter loss from continuing operations of 5 cents per share, with revenues falling 19.6% to $7.8 million. Shares gained 2.4% to $0.5384 in after-hours trading.
Despite the reported loss and revenue decline, the stock's after-hours gain suggests a mixed investor reaction, potentially due to expectations being met or exceeded.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Paysafe is expected to post quarterly earnings at 10 cents per share on revenue of $408.25 million. Shares rose 0.1% to $15.20 in after-hours trading.
The minimal movement in after-hours trading indicates a wait-and-see approach by investors, suggesting a neutral short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JanOne announced plans to acquire ALT 5 Sigma Inc., with the deal expected to close in the week of May 13th. Shares jumped 12.2% to $4.50 in after-hours trading.
The positive reaction in after-hours trading indicates investor optimism about the acquisition's potential to enhance JanOne's business prospects.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
StoneCo is expected to post quarterly earnings at 28 cents per share on revenue of $607.57 million. Shares gained 0.8% to $16.73 in after-hours trading.
The uptick in after-hours trading suggests positive investor sentiment ahead of the earnings report, potentially leading to short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90