Target, TJX And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher, with focus on several companies reporting earnings. TJX is expected to report earnings of 92 cents per share, while Keysight Technologies reported strong Q3 results and positive Q4 guidance. Target is expected to post earnings of $2.20 per share. La-Z-Boy reported better-than-expected Q1 sales but saw a decline in share price. Zoom Video is expected to report earnings of $1.21 per share.
August 21, 2024 | 6:04 am
News sentiment analysis
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POSITIVE IMPACT
Keysight Technologies reported strong Q3 results and provided positive Q4 guidance. Shares rose 11.5% in after-hours trading.
The strong Q3 results and positive Q4 guidance have led to a significant increase in the stock price, indicating a positive short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Target is expected to post earnings of $2.20 per share on $25.23 billion revenue. Shares rose 1.6% in after-hours trading.
The positive after-hours movement suggests investor optimism ahead of the earnings report, indicating a likely short-term positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
TJX is expected to report earnings of 92 cents per share on $13.31 billion revenue. Shares fell 0.2% in after-hours trading.
The expected earnings and revenue figures are in line with market expectations, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Zoom Video is expected to report earnings of $1.21 per share on $1.15 billion revenue. Shares rose 0.2% in after-hours trading.
The slight increase in share price suggests a neutral to slightly positive sentiment ahead of the earnings report.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
La-Z-Boy reported better-than-expected Q1 sales but shares fell 3.4% in after-hours trading. Q2 revenue guidance is above estimates.
Despite better-than-expected sales, the share price decline suggests investor concerns, possibly about future growth or profitability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80