Nvidia, Best Buy And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
Nvidia reported strong earnings and a $50 billion stock repurchase, but shares fell due to margin contraction. Best Buy, Dollar General, HP, and Dell are also in focus with earnings reports and stock movements.
August 29, 2024 | 4:59 am
News sentiment analysis
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POSITIVE IMPACT
Best Buy is expected to report earnings of $1.16 per share on $9.24 billion revenue. Shares rose 0.3% in after-hours trading.
Best Buy's upcoming earnings report is likely to influence its stock price positively, as indicated by the slight after-hours increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dollar General is expected to report earnings of $1.79 per share on $10.37 billion revenue. Shares rose 0.5% in after-hours trading.
The anticipation of Dollar General's earnings report has positively influenced its stock price, as seen in the after-hours trading increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Dell is expected to report earnings of $1.71 per share on $24.14 billion revenue. Shares fell 3.7% in after-hours trading.
The anticipation of Dell's earnings report has negatively influenced its stock price, as seen in the after-hours trading decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HP reported weaker-than-expected Q3 earnings but exceeded sales estimates. Shares fell 4.2% after tightening FY24 earnings outlook.
HP's weaker earnings and tightened outlook led to a significant drop in its stock price, indicating a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nvidia reported strong Q2 earnings and a $50B stock repurchase, but shares fell 6.9% due to margin contraction.
Despite strong earnings and a large buyback, Nvidia's stock fell due to concerns over margin contraction, indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100