Tesla, AT&T And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower this morning. Key stocks to watch include AT&T, Tesla, IBM, Alphabet, and GE Vernova. AT&T and GE Vernova are set to report earnings before the opening bell, while IBM will report after the market closes. Tesla reported weaker-than-expected earnings, and Alphabet announced upbeat earnings and a cash dividend.
July 24, 2024 | 6:56 am
News sentiment analysis
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NEGATIVE IMPACT
Tesla reported weaker-than-expected earnings for Q2, with deliveries and production down year-over-year. Shares fell 7.8% to $227.25 in after-hours trading.
Tesla's weaker-than-expected earnings and reduced deliveries and production have led to a significant drop in share price, indicating a likely short-term negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
IBM is expected to post quarterly earnings of $2.19 per share on revenue of $15.62 billion. Shares fell 0.4% to $183.33 in after-hours trading.
IBM's upcoming earnings report is anticipated, but the slight drop in after-hours trading suggests a neutral short-term impact unless earnings significantly beat or miss expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
AT&T is expected to report quarterly earnings of 57 cents per share on revenue of $29.92 billion before the opening bell. Shares fell 0.2% to $18.18 in after-hours trading.
AT&T's earnings report is anticipated, but the slight drop in after-hours trading suggests neutral short-term impact unless earnings significantly beat or miss expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GE Vernova is expected to report quarterly earnings of 73 cents per share on revenue of $8.26 billion before the opening bell. Shares rose 0.3% to $171.00 in after-hours trading.
GE Vernova's slight rise in after-hours trading suggests positive sentiment ahead of its earnings report, indicating a likely short-term positive impact if earnings meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet reported strong Q2 earnings and sales, and announced a 20-cent cash dividend. Shares slipped 2.2% to $177.83 in after-hours trading.
Despite the after-hours dip, Alphabet's strong earnings and dividend announcement are positive indicators, likely leading to a short-term positive impact once the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100