Applied Materials, H&R Block And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Several stocks are poised to capture investor attention today. Madison Square Garden Entertainment Corp. (MSGE) is expected to report a quarterly loss, while Applied Materials, Inc. (AMAT) reported better-than-expected Q3 results but provided a mixed Q4 outlook. CI&T Inc. (CINT) and H&R Block, Inc. (HRB) both reported strong earnings, with HRB also increasing its dividend. Flowers Foods, Inc. (FLO) is expected to post quarterly earnings before the market opens.
August 16, 2024 | 6:38 am
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials reported better-than-expected Q3 results but provided a mixed Q4 outlook. Shares fell 3.1% in after-hours trading.
The mixed Q4 outlook despite strong Q3 results led to a negative market reaction, indicating potential short-term downside pressure.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Flowers Foods is expected to post quarterly earnings of 33 cents per share on revenue of $1.24 billion. Shares gained 1.5% in after-hours trading.
The modest after-hours gain suggests moderate investor optimism ahead of the earnings report.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Madison Square Garden Entertainment Corp. is expected to report a quarterly loss of $2.27 per share on revenue of $271.32 million. Shares gained 3.5% in after-hours trading.
Despite the expected loss, the positive after-hours movement suggests investor optimism or short covering. The actual earnings report will be crucial for short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CI&T Inc. is expected to post quarterly earnings of 6 cents per share on revenue of $99.03 million. Shares rose 10.4% in after-hours trading.
The significant after-hours price increase suggests strong investor confidence in the upcoming earnings report.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
H&R Block reported better-than-expected Q4 results and increased its quarterly dividend by 17%. Shares jumped 10% in after-hours trading.
The strong earnings report and dividend increase are highly positive signals, leading to a significant after-hours price jump.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 95