Target, Nvidia And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Wednesday include NVIDIA, Urban Outfitters, Williams-Sonoma, Toll Brothers, and Target. NVIDIA is expected to report strong earnings, Urban Outfitters beat estimates, Williams-Sonoma and Target are set to release earnings, and Toll Brothers raised its FY24 forecast.
May 22, 2024 | 5:55 am
News sentiment analysis
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POSITIVE IMPACT
NVIDIA is expected to report quarterly earnings of $5.59 per share on revenue of $24.65 billion. Shares fell 0.1% in after-hours trading.
NVIDIA's earnings report is highly anticipated, and strong results could boost the stock. The slight dip in after-hours trading suggests cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Target is expected to post quarterly earnings of $2.02 per share on revenue of $24.51 billion. Shares rose 0.4% in after-hours trading.
Target's upcoming earnings report and slight after-hours price increase suggest positive market expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Toll Brothers reported stronger-than-expected Q2 results and raised its FY24 forecast. Shares rose 1.2% in after-hours trading.
Toll Brothers' strong performance and optimistic forecast are likely to positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Urban Outfitters reported better-than-expected Q1 earnings of 69 cents per share and sales of $1.2 billion. Shares jumped 6.5% in after-hours trading.
Urban Outfitters' strong financial results and significant after-hours price increase indicate positive market sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Williams-Sonoma is expected to post quarterly earnings of $2.68 per share on revenue of $1.65 billion. Shares rose slightly in after-hours trading.
Williams-Sonoma's upcoming earnings report is likely to influence its stock price, with a slight positive movement already observed.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100