Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher this morning. Key stocks to watch include Home Depot, RumbleOn, Paysafe, Kyverna Therapeutics, and XP Inc. Home Depot is expected to report strong earnings, RumbleOn beat revenue estimates, Paysafe is anticipated to post solid earnings, Kyverna Therapeutics received FDA RMAT designation, and XP Inc. is expected to report earnings after the closing bell.
August 13, 2024 | 7:44 am
News sentiment analysis
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NEUTRAL IMPACT
RumbleOn reported Q2 revenue of $22.5 million, beating estimates. The company reported a loss of 13 cents per share, better than expected. Shares fell 0.3%.
Despite beating revenue and earnings estimates, the slight share price drop indicates a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
XP Inc. is expected to post quarterly earnings of 36 cents per share on revenue of $770.39 million. Shares fell 0.2%.
Despite positive earnings expectations, the slight share price drop indicates a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Home Depot is expected to report quarterly earnings of $4.50 per share on revenue of $43.38 billion. Shares rose 0.2% in after-hours trading.
Positive earnings expectations and slight after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Kyverna Therapeutics received FDA RMAT designation for KYV-101 in treating progressive myasthenia gravis. Shares gained 2.9% in after-hours trading.
FDA RMAT designation is a significant regulatory milestone, likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Paysafe is expected to post quarterly earnings of 8 cents per share on revenue of $424.29 million. Shares gained 2.6% in after-hours trading.
Positive earnings expectations and significant after-hours price increase suggest a likely short-term price rise.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100