Tyson Foods, Palantir Technologies And 3 Stocks To Watch Heading Into Monday
Portfolio Pulse from Avi Kapoor
Key stocks to watch on Monday include Tyson Foods, Sohu.com, Kosmos Energy, Palantir Technologies, and Avis Budget Group. Tyson Foods and Kosmos Energy are set to release earnings before the market opens, while Palantir Technologies and Avis Budget Group will report after the market closes. Sohu.com has already reported an adjusted loss for the quarter.
August 05, 2024 | 10:19 am
News sentiment analysis
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NEGATIVE IMPACT
Palantir Technologies is projected to post quarterly earnings of 8 cents per share on revenue of $652.1 million. Shares fell 10% to $22.26 in pre-market trading.
The significant pre-market decline indicates strong negative sentiment. Unless the earnings report significantly exceeds expectations, further declines are likely.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Sohu.com reported an adjusted loss of $1.05 per share, compared to a year-ago loss of 52 cents per share. Quarterly sales rose to $172.33 million from $152.09 million. Shares fell 2.4% to $14.53 on Friday.
The larger-than-expected loss and the subsequent drop in share price indicate negative sentiment, likely leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Avis Budget Group is expected to post quarterly earnings of $2.58 per share on revenue of $3.14 billion. Shares rose 0.1% to $84.52 in pre-market trading.
The slight pre-market gain suggests neutral to slightly positive sentiment. The actual earnings report will be crucial in determining the short-term price direction.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Tyson Foods is expected to report quarterly earnings of 65 cents per share on revenue of $13.24 billion. Shares fell 0.4% to $61.01 in pre-market trading.
The pre-market decline suggests investor caution ahead of the earnings report. The actual earnings release will determine the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kosmos Energy is expected to post quarterly earnings of 12 cents per share on revenue of $436.46 million. Shares gained 0.2% to $4.90 in pre-market trading.
The slight pre-market gain suggests positive investor sentiment ahead of the earnings report. If earnings meet or exceed expectations, further gains are likely.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100