Amazon, Apple And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower this morning. Key stocks to watch include Exxon Mobil, Apple, Chevron, Amazon, and Asbury Automotive Group. Exxon Mobil and Chevron are set to release their earnings reports, while Apple and Amazon have already reported their results. Asbury Automotive Group is also expected to release its earnings report.
August 02, 2024 | 6:25 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon posted mixed Q2 results with EPS of $1.26 beating estimates but Q3 sales guidance slightly below expectations. Shares fell 6.9% in after-hours trading.
Despite beating EPS estimates, the lower-than-expected Q3 sales guidance led to a significant drop in after-hours trading, indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Apple reported better-than-expected earnings and sales for Q3. Services revenue hit a new record but was slightly below forecast. Shares gained 0.6% in after-hours trading.
Strong earnings and sales performance, along with a record in services revenue, indicate a positive short-term impact on stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Asbury Automotive Group is expected to post quarterly earnings of $7.33 per share on revenue of $4.31 billion. Shares rose 0.1% 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 70
RELEVANCE 80
POSITIVE IMPACT
Chevron is expected to post quarterly earnings of $2.93 per share on revenue of $50.80 billion. Shares gained 0.6% 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 80
RELEVANCE 90
POSITIVE IMPACT
Exxon Mobil is expected to report quarterly earnings of $2.01 per share on revenue of $90.99 billion. Shares rose 0.2% 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 80
RELEVANCE 90