Dollar Tree, Hewlett Packard Enterprise And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch today include Dollar Tree, Hewlett Packard Enterprise, Campbell Soup Company, PVH Corp., and Lululemon Athletica. Dollar Tree and Campbell Soup are set to report earnings, while Hewlett Packard Enterprise and PVH Corp. have already reported better-than-expected results. Lululemon will report earnings after the closing bell.
June 05, 2024 | 6:30 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PVH Corp. reported upbeat Q1 earnings and raised its FY24 outlook. However, shares fell 2.3% to $116.50 in after-hours trading, possibly due to the departure of a key executive.
Despite strong earnings and an improved outlook, the departure of a key executive has led to a negative reaction in the stock price, indicating potential short-term downside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Campbell Soup is expected to post quarterly earnings of 70 cents per share on revenue of $2.35 billion. Shares gained 0.4% to $44.35 in after-hours trading.
The market is awaiting Campbell Soup's earnings report. The slight increase in after-hours trading suggests moderate optimism. The actual earnings report will be crucial for short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dollar Tree is expected to report quarterly earnings of $1.43 per share on revenue of $7.64 billion. Shares fell 0.3% to $119.95 in after-hours trading.
The market is anticipating Dollar Tree's earnings report. The slight drop in after-hours trading suggests cautious sentiment. The actual earnings report will determine the short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Lululemon is expected to post quarterly earnings of $2.39 per share on revenue of $2.20 billion. Shares rose 0.4% to $308.00 in after-hours trading.
The market is anticipating Lululemon's earnings report. The slight increase in after-hours trading suggests moderate optimism. The actual earnings report will be crucial for short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hewlett Packard Enterprise reported better-than-expected Q2 results with sales of $7.2 billion, beating the $6.823 billion estimate. Shares jumped 15.3% to $20.29 in after-hours trading.
Hewlett Packard Enterprise's strong earnings beat and positive revenue outlook have led to a significant increase in share price, indicating positive short-term momentum.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90