Nike, Micron And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower this morning. Key stocks to watch include Walgreens Boots Alliance, Micron Technology, NIKE, Tonix Pharmaceuticals, and Acuity Brands. Walgreens and Acuity Brands are set to report earnings, Micron reported strong Q3 results but saw a share price drop, NIKE is expected to release earnings after market close, and Tonix Pharmaceuticals announced a public offering.
June 27, 2024 | 6:59 am
News sentiment analysis
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POSITIVE IMPACT
Acuity Brands is expected to report quarterly earnings of $4.13 per share on revenue of $1.01 billion. Shares gained 0.1% to $239.99 in after-hours trading.
Positive earnings expectations and a slight increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
NIKE is expected to post quarterly earnings of $0.85 per share on revenue of $12.91 billion. Shares gained 0.3% to $94.35 in after-hours trading.
Positive earnings expectations and a slight increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Walgreens Boots Alliance is expected to report quarterly earnings of $0.71 per share on revenue of $36.00 billion. Shares gained 0.6% to $15.75 in after-hours trading.
Positive earnings expectations and a slight increase in after-hours trading suggest a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Micron Technology reported stronger-than-expected Q3 results but shares fell 8% to $131.00 in after-hours trading. The company expects Q4 revenue of $7.6 billion and adjusted earnings between $1 and $1.16 per share.
Despite strong Q3 results, the significant drop in after-hours trading indicates a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tonix Pharmaceuticals announced a proposed public offering, causing shares to dip 28% to $0.8101 in after-hours trading.
The announcement of a public offering typically dilutes existing shares, leading to a significant drop in share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70