FedEx, Micron And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Wednesday include General Mills, FedEx, Micron Technology, Tecnoglass, and Paychex. General Mills is expected to report earnings, FedEx reported strong Q4 results and announced a share buyback, Micron Technology is set to release earnings, Tecnoglass is reviewing strategic alternatives, and Paychex is expected to report earnings.
June 26, 2024 | 8:27 am
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POSITIVE IMPACT
FedEx reported stronger-than-expected Q4 results, announced a $2.5 billion share buyback for fiscal 2025, and is assessing the role of FedEx Freight. Shares jumped 13.9% in after-hours trading.
Strong financial results, share buyback announcement, and strategic assessment are highly positive indicators for short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
General Mills is expected to report quarterly earnings of $1 per share on revenue of $4.87 billion. Shares gained 0.7% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Micron Technology is expected to post quarterly earnings of $0.49 per share on revenue of $6.63 billion. Shares gained 1.7% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paychex is expected to report quarterly earnings of $1.10 per share on revenue of $1.3 billion. Shares gained 1.2% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tecnoglass announced a review of strategic alternatives and reiterated its FY24 guidance. Shares surged 12.8% in after-hours trading.
Strategic review and reaffirmation of guidance are positive signals, leading to a significant after-hours price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90