Dell, Lululemon And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading higher, with key stocks to watch including JinkoSolar, Lululemon, MINISO Group, Ulta Beauty, and Dell Technologies. JinkoSolar and MINISO are set to report earnings, Lululemon and Dell reported better-than-expected results, while Ulta Beauty missed expectations and cut guidance.
August 30, 2024 | 5:58 am
News sentiment analysis
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NEGATIVE IMPACT
Ulta Beauty reported weaker-than-expected Q2 results and cut its FY24 guidance. Shares fell 7.1% in after-hours trading.
The disappointing earnings report and reduced guidance have negatively impacted Ulta Beauty's stock, as reflected in the significant after-hours decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 85
POSITIVE IMPACT
Dell Technologies reported stronger-than-expected Q2 results with revenue of $25.03 billion, beating estimates. Shares rose 3.3% in after-hours trading.
Dell's strong earnings report and revenue beat have positively influenced its stock price, as seen in the after-hours trading increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
JinkoSolar is expected to report earnings of 17 cents per share on $3.91 billion revenue. Shares rose 1.4% in after-hours trading.
The anticipation of JinkoSolar's earnings report and the positive after-hours movement suggest a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lululemon reported better-than-expected Q2 earnings but missed sales estimates and issued lower FY24 revenue guidance. Shares rose 4.2% after-hours.
Despite missing sales estimates and issuing lower guidance, the better-than-expected earnings have positively influenced Lululemon's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
MINISO Group is expected to report earnings of 28 cents per share on $565.46 million revenue. Shares rose 1.7% in after-hours trading.
The anticipation of MINISO's earnings report and the positive after-hours movement suggest a potential short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75