Nike, Infinera And Other Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Friday include Crown Crafts, Nokia, Infinera, Nike, and Kura Sushi. Crown Crafts is set to release earnings, Nokia plans to acquire Infinera, Nike reported mixed Q4 results, and Kura Sushi issued soft guidance.
June 28, 2024 | 6:25 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kura Sushi issued soft guidance, with Q3 sales and FY24 sales estimates below market expectations. Shares dipped 13.8% in after-hours trading.
Soft guidance and sales estimates below expectations led to a 13.8% drop in after-hours trading, indicating investor disappointment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Nike reported mixed Q4 results with revenue missing estimates but EPS beating expectations. Shares fell 12.4% in after-hours trading.
The revenue miss overshadowed the EPS beat, leading to a significant 12.4% drop in after-hours trading. Investors are likely concerned about future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Nokia announced plans to acquire Infinera for $6.65 per share. Nokia shares fell 0.3% in after-hours trading.
Acquisitions can lead to short-term stock price declines due to integration risks and costs. The 0.3% drop reflects investor caution.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Crown Crafts is scheduled to release its Q4 earnings before the opening bell. Shares gained 1% in after-hours trading.
Earnings releases often lead to increased volatility and investor interest. The 1% gain in after-hours trading suggests positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Infinera shares jumped 18.1% to $6.21 in after-hours trading following Nokia's acquisition announcement.
Acquisition offers typically lead to a significant increase in the target company's stock price. The 18.1% jump reflects strong investor approval.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100