Stocks To Watch On Tuesday: Boeing, FedEx And More
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Tuesday include Carnival Corporation, Boeing, Spirit AeroSystems, TD SYNNEX, SolarEdge Technologies, and FedEx. Carnival and FedEx are expected to report earnings, Boeing proposed to acquire Spirit AeroSystems, TD SYNNEX will release earnings, and SolarEdge announced a $300 million convertible notes offering.
June 25, 2024 | 6:33 am
News sentiment analysis
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NEGATIVE IMPACT
SolarEdge Technologies announced a private offering of $300 million convertible notes due 2029. Shares dipped 13.7% in after-hours trading.
The significant drop in share price indicates investor concern over the convertible notes offering, suggesting a likely short-term price decrease.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Spirit AeroSystems shares fell 1.3% in after-hours trading following Boeing's acquisition proposal valuing the company at $35 per share.
The decline in share price suggests investor uncertainty or dissatisfaction with the acquisition terms, indicating a likely short-term price decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Carnival Corporation is expected to report a quarterly loss of $0.2 per share on revenue of $5.68 billion. Shares gained 0.4% in after-hours trading.
The expected earnings report and slight after-hours gain suggest a neutral short-term impact as investors await the actual results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
FedEx is expected to post quarterly earnings of $5.37 per share on revenue of $22.06 billion. Shares gained 0.1% in after-hours trading.
The slight after-hours gain suggests a neutral short-term impact as investors await the actual earnings report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Boeing proposed to acquire Spirit AeroSystems in a stock-financed deal valuing the supplier at $35 per share. Boeing shares gained 1.4% in after-hours trading.
The acquisition proposal is seen positively by investors, as indicated by the after-hours gain, suggesting a likely short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TD SYNNEX is expected to post quarterly earnings of $2.82 per share on revenue of $14.08 billion. Shares gained 1.7% in after-hours trading.
The positive after-hours movement suggests investor optimism about the upcoming earnings report, indicating a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80