Academy Sports, Oracle And Other Top Stocks To Watch This Tuesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch include Academy Sports (ASO), Yext (YEXT), Oracle (ORCL), 2U (TWOU), and Casey's General Stores (CASY). ASO and CASY are expected to report earnings, YEXT posted weaker-than-expected results and announced an acquisition, ORCL is set to release earnings, and TWOU disclosed a reverse stock split.
June 11, 2024 | 12:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Academy Sports (ASO) is expected to report quarterly earnings of $1.24 per share on revenue of $1.38 billion. Shares rose 0.7% 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
Casey's General Stores (CASY) is expected to post quarterly earnings of $1.72 per share on revenue of $3.48 billion. Shares gained 0.1% in after-hours trading.
Positive earnings expectations and slight after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Oracle (ORCL) is expected to post quarterly earnings of $1.65 per share on revenue of $14.59 billion. Shares gained 0.9% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
2U (TWOU) disclosed a 1-for-30 reverse stock split. Shares dipped 8.8% in after-hours trading.
Reverse stock splits often signal financial distress, leading to a negative market reaction and short-term price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Yext (YEXT) posted weaker-than-expected Q1 results and announced plans to acquire Hearsay Systems. Shares dipped 13.1% in after-hours trading.
Weaker-than-expected results and significant after-hours price drop indicate a likely short-term price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100