Lennar, La-Z-Boy And 3 Stocks To Watch Heading Into Monday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Monday include Lennar Corporation, La-Z-Boy Incorporated, Northfield Bancorp, Red Robin Gourmet Burgers, and Quantum Corporation. Lennar and La-Z-Boy are expected to report earnings, Northfield Bancorp announced a stock repurchase program, Red Robin filed for a mixed-shelf offering, and Quantum is also set to report earnings.
June 17, 2024 | 8:25 am
News sentiment analysis
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NEGATIVE IMPACT
Red Robin Gourmet Burgers filed for a prospective mixed-shelf offering of up to $75 million.
Mixed-shelf offerings can dilute existing shares, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lennar Corporation is expected to report quarterly earnings of $3.24 per share on revenue of $8.52 billion after the closing bell.
Positive earnings expectations could drive short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
La-Z-Boy is expected to post quarterly earnings of 70 cents per share on revenue of $516.44 million.
Positive earnings expectations could drive short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Northfield Bancorp approved a new $10 million stock repurchase program.
Stock repurchase programs typically signal confidence in the company's future, potentially boosting stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Quantum Corporation is expected to post quarterly earnings of 1 cent per share on revenue of $89.80 million.
Positive earnings expectations could drive short-term stock price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100