McDonald's, ON Semiconductor And 3 Stocks To Watch Heading Into Monday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Monday include McDonald's, Nasdaq, ON Semiconductor, Pitney Bowes, and Sprouts Farmers Market. McDonald's and ON Semiconductor are set to release earnings, while Nasdaq announced a secondary offering. Pitney Bowes saw a significant rise after selling part of its e-commerce business, and Sprouts Farmers Market is also expected to report earnings.
July 29, 2024 | 7:56 am
News sentiment analysis
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POSITIVE IMPACT
ON Semiconductor is expected to post quarterly earnings of 92 cents per share on revenue of $1.73 billion. Shares rose 1.2% to $70.98 in after-hours trading.
Positive after-hours movement suggests investor optimism ahead of the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pitney Bowes shares jumped 12.6% to $7.59 after selling part of its e-commerce business to Stord.
The sale of part of its e-commerce business is seen as a positive move, leading to a significant rise in share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sprouts Farmers Market is expected to report quarterly earnings of 78 cents per share on revenue of $1.83 billion. Shares gained 1% to $87.55 in after-hours trading.
The positive after-hours movement indicates investor confidence ahead of the earnings report.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
McDonald's is expected to report quarterly earnings of $3.07 per share on revenue of $6.61 billion. Shares fell 0.3% to $251.18 in after-hours trading.
The earnings report is a significant event, but the slight drop in after-hours trading suggests mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nasdaq announced a secondary offering of 41,604,207 shares of common stock. Shares fell 2.6% to $65.25 in after-hours trading.
The secondary offering dilutes existing shares, leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100