Walmart, Alibaba And Other 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher this morning. Key stocks to watch include Walmart, Titan Machinery, Alibaba, Lumentum Holdings, and Deere & Company. Walmart and Deere are expected to report earnings before the opening bell, while Alibaba will release its earnings after the markets close. Titan Machinery reported weak preliminary financial results, and Lumentum Holdings reported better-than-expected fourth-quarter results.
August 15, 2024 | 5:31 am
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POSITIVE IMPACT
Alibaba is expected to post quarterly earnings of $2.11 per share on revenue of $34.46 billion. Shares rose 1.2% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely positive impact on Alibaba's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Deere & Company is expected to post quarterly earnings of $5.77 per share on revenue of $10.94 billion before the opening bell. Shares gained 0.8% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely positive impact on Deere & Company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Lumentum Holdings reported better-than-expected Q4 results with earnings of $0.6 per share, beating the estimate of $0.3 per share. Shares jumped 17.5% in after-hours trading.
Better-than-expected financial results and significant after-hours price increase indicate a likely positive impact on Lumentum Holdings' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Walmart is expected to report quarterly earnings of $0.64 per share on revenue of $168.57 billion before the opening bell. Shares gained 0.5% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely positive impact on Walmart's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Titan Machinery reported weak preliminary financial results for Q2, with adjusted earnings of $0.17 per share on revenue of $634 million. Shares dipped 22.6% in after-hours trading.
Weak preliminary financial results and significant after-hours price drop indicate a likely negative impact on Titan Machinery's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100