Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower this morning. Key stocks to watch include Advance Auto Parts, Ooma, Dick’s Sporting Goods, HEICO Corporation, and HP Inc. Advance Auto Parts is expected to report earnings of 68 cents per share on $3.43 billion revenue. Ooma reported strong Q1 results and issued positive guidance, causing shares to jump 17.7%. Dick’s Sporting Goods is expected to post earnings of $2.95 per share on $2.94 billion revenue. HEICO Corporation posted better-than-expected Q2 results, and HP Inc. is expected to report earnings of 81 cents per share on $12.6 billion revenue.
May 29, 2024 | 7:05 am
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NEUTRAL IMPACT
HP Inc. is expected to report earnings of 81 cents per share on $12.6 billion revenue. Shares fell 0.2% in after-hours trading.
Despite positive earnings expectations, the slight after-hours price decrease suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Advance Auto Parts is expected to report earnings of 68 cents per share on $3.43 billion revenue. Shares gained 1.2% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Dick’s Sporting Goods is expected to post earnings of $2.95 per share on $2.94 billion revenue. Shares rose 0.5% in after-hours trading.
Positive earnings expectations and slight after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
HEICO Corporation posted better-than-expected Q2 results with earnings of 88 cents per share and $955.395 million in sales. Shares gained 1% in after-hours trading.
Better-than-expected earnings and sales figures are likely to drive short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ooma reported strong Q1 results and issued positive guidance for Q2 and FY25. Shares jumped 17.7% in after-hours trading.
Better-than-expected results and strong future guidance are likely to drive short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100