Oracle, Broadcom And Other 3 Key Stocks To Watch On Wednesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Wednesday include Broadcom, Oracle, Dave & Buster's, Mama's Creations, and Oxford Industries. Broadcom is expected to report strong earnings, Oracle posted weaker-than-expected earnings but announced a partnership with Google Cloud, Dave & Buster's and Oxford Industries are set to release earnings, and Mama's Creations posted downbeat earnings.
June 12, 2024 | 8:00 am
News sentiment analysis
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NEGATIVE IMPACT
Mama’s Creations posted downbeat earnings for its first quarter, while sales topped estimates. Shares fell 3.9% in after-hours trading.
Despite sales topping estimates, the downbeat earnings led to a decline in share price, indicating a likely short-term price decrease.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Broadcom is expected to report quarterly earnings of $10.84 per share on revenue of $12.03 billion. Shares rose 0.8% in after-hours trading.
Positive earnings expectations and a rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Oracle posted weaker-than-expected earnings for its fiscal fourth quarter but announced a partnership with Google Cloud. Shares jumped 9.5% in after-hours trading.
Despite weaker earnings, the partnership with Google Cloud has significantly boosted investor sentiment, leading to a sharp rise in share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oxford Industries is expected to post quarterly earnings of $2.69 per share on revenue of $405.61 million. Shares gained 2.3% in after-hours trading.
Positive earnings expectations and a rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Dave & Buster’s is expected to post quarterly earnings of $1.73 per share on revenue of $623.18 million. Shares gained 0.3% in after-hours trading.
Positive earnings expectations and a slight rise in after-hours trading suggest a likely short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80