Disney, CVS Health And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Key stocks to watch include McKesson, Wix.com, Disney, Rivian Automotive, and CVS Health. McKesson and Wix.com reported positive earnings, while Rivian Automotive reported a wider-than-expected loss. Disney and CVS Health are expected to release their earnings soon.

August 07, 2024 | 6:12 am
News sentiment analysis
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NEGATIVE IMPACT
CVS Health is expected to post quarterly earnings of $1.73 per share on revenue of $91.51 billion. Shares fell 2.6% in after-hours trading.
Despite positive earnings expectations, the after-hours price drop suggests a likely short-term downward movement in CVS Health's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rivian Automotive reported a wider-than-expected loss for Q2 but reaffirmed its full-year production guidance. Shares fell 7% in after-hours trading.
A wider-than-expected loss and significant after-hours price drop suggest a likely short-term downward movement in Rivian Automotive's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Disney is expected to post quarterly earnings of $1.20 per share on revenue of $23.11 billion. Shares gained 0.5% in after-hours trading.
Positive earnings expectations and a slight after-hours price increase suggest a likely short-term upward movement in Disney's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
McKesson is expected to report quarterly earnings of $7.21 per share on revenue of $82.53 billion. Shares gained 2.2% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely short-term upward movement in McKesson's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wix.com reported better-than-expected Q2 earnings and raised its 2024 outlook. Shares gained 3% in after-hours trading.
Better-than-expected earnings and an improved outlook are likely to drive Wix.com's stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80