GameStop, Box And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch today include Box, Gildan Activewear, Elbit Systems, GameStop, and HEICO. Box and HEICO are expected to report earnings, Gildan Activewear has new leadership, Elbit Systems will release earnings, and GameStop completed its equity offering program.
May 28, 2024 | 6:17 am
News sentiment analysis
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POSITIVE IMPACT
Box is expected to report quarterly earnings of 36 cents per share on revenue of $262.04 million after the closing bell. Shares gained 0.3% in after-hours trading.
Positive earnings expectations and a slight increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Elbit Systems is expected to post quarterly earnings of $1.35 per share on revenue of $1.46 billion. Shares rose 1.2% in after-hours trading.
Positive earnings expectations and an increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
GameStop completed its at-the-market equity offering program, selling 45 million shares with gross proceeds of $933.4 million. Shares jumped 13.1% in after-hours trading.
Completion of the equity offering program and significant after-hours price increase indicate strong positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
HEICO is expected to report quarterly earnings of 81 cents per share on revenue of $951.21 million after the closing bell. Shares gained 0.2% in after-hours trading.
Positive earnings expectations and a slight increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Gildan Activewear named Glenn J. Chamandy as President and CEO, and Michael Kneeland as non-executive Chair of the Board. Shares fell 1.6% in after-hours trading.
Leadership changes often bring uncertainty, leading to a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80