Lowe's, Palo Alto Networks And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
Investors are focusing on several stocks today, including Lowe's, Palo Alto Networks, Medtronic, Fluent, and Alcon. Lowe's is expected to report earnings, Palo Alto Networks exceeded expectations and increased its buyback authorization, Medtronic and Alcon are set to release earnings, and Fluent reported disappointing results.
August 20, 2024 | 6:36 am
News sentiment analysis
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POSITIVE IMPACT
Palo Alto Networks reported strong Q4 results and increased its share buyback authorization by $500 million, boosting shares by 1.9% after-hours.
Strong earnings and increased buyback authorization are positive signals, likely driving short-term stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Alcon is expected to report earnings of 73 cents per share on $2.52 billion revenue. Shares rose 0.01% in after-hours trading.
The upcoming earnings report is noteworthy, but the negligible after-hours change suggests a neutral short-term impact unless earnings surprise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Lowe's is expected to report earnings of $3.99 per share on $24.01 billion revenue. Shares fell 0.2% in after-hours trading.
Lowe's earnings report is a significant event, but the slight after-hours dip suggests neutral short-term impact unless earnings deviate from expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Medtronic is expected to report earnings of $1.20 per share on $7.89 billion revenue. Shares rose 0.4% in after-hours trading.
The anticipated earnings report is important, but the modest after-hours increase suggests a neutral short-term impact unless results differ significantly.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Fluent reported worse-than-expected Q2 results, causing shares to drop 16.3% in after-hours trading.
Disappointing earnings results have led to a significant drop in share price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95