Nvidia, HP And Other 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Nvidia, Nordstrom, HP, Box, and J.M. Smucker are key stocks to watch as they report earnings. Nvidia and HP are set to release their earnings, while Nordstrom and Box have already reported better-than-expected results. J.M. Smucker is also expected to release its earnings soon.
August 28, 2024 | 6:00 am
News sentiment analysis
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NEUTRAL IMPACT
HP is expected to report earnings of 86 cents per share on $13.38 billion revenue. Shares slipped 0.03% in after-hours trading.
HP's upcoming earnings report is crucial, but the minimal change in after-hours trading suggests a neutral market stance until results are announced.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Nvidia is expected to report earnings of 64 cents per share on $28.68 billion revenue. Shares fell 0.5% in after-hours trading.
Nvidia's earnings report is highly anticipated, but the slight drop in after-hours trading suggests mixed investor sentiment. The actual results will determine the short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
J.M. Smucker is expected to report earnings of $2.17 per share on $2.13 billion revenue. Shares gained 1.2% in after-hours trading.
The anticipation of J.M. Smucker's earnings report has led to a slight increase in its stock price, indicating moderate investor optimism.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Box reported strong Q2 results and issued robust FY25 guidance. Shares surged 6.9% in after-hours trading.
Box's strong financial results and optimistic guidance have led to a significant increase in its stock price, reflecting positive investor sentiment.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Nordstrom reported strong Q2 earnings of 96 cents per share, beating estimates. Shares rose 7.7% in after-hours trading.
Nordstrom's better-than-expected earnings have positively impacted its stock price, indicating strong investor confidence in the company's performance.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 85