Verizon, SAP And 3 Stocks To Watch Heading Into Monday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Monday include Verizon, Boeing, SAP, Rekor Systems, and Brown & Brown. Verizon and Brown & Brown are set to report earnings before the market opens, while SAP will release its earnings after the market closes. Boeing anticipates a 3% rise in airplane deliveries over the next 20 years, and Rekor Systems filed for an offering of up to 4.4 million common shares.
July 22, 2024 | 6:56 am
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POSITIVE IMPACT
Boeing expects a 3% rise in airplane deliveries over the next 20 years, with air travel exceeding pre-pandemic demand. Shares slipped 0.1% in after-hours trading.
Long-term positive outlook on airplane deliveries and air travel demand could boost investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Brown & Brown is expected to report quarterly earnings of 88 cents per share on revenue of $1.14 billion before the market opens. Shares rose 0.6% in after-hours trading.
Earnings reports can significantly impact stock prices. Positive earnings could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
SAP is expected to post quarterly earnings of $1.16 per share on revenue of $8.84 billion after the market closes. Shares slipped 0.01% in after-hours trading.
Earnings reports can significantly impact stock prices. Positive earnings could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Verizon is expected to report quarterly earnings of $1.15 per share on revenue of $33.06 billion before the market opens. Shares fell 0.1% in after-hours trading.
Earnings reports can significantly impact stock prices. Positive earnings could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Rekor Systems filed for an offering of up to 4.4 million common shares by selling stockholders. Shares gained 6.6% in after-hours trading.
Stock offerings can dilute existing shares, potentially leading to a short-term price decrease despite the initial positive reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70