Broadcom, ABM Industries And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are mixed with key earnings reports from ABM Industries, Broadcom, Big Lots, Smith & Wesson Brands, and Brady Corporation. ABM and Brady saw after-hours gains, while Broadcom and Smith & Wesson experienced declines.
September 06, 2024 | 5:42 am
News sentiment analysis
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NEGATIVE IMPACT
Broadcom reported better-than-expected Q3 results but shares fell 6.7% after-hours. Q4 revenue is expected to be around $14 billion.
Despite strong Q3 results, Broadcom's share price decline suggests market concerns, possibly about future guidance or other factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Smith & Wesson reported disappointing Q1 results with sales of $88.334 million, missing estimates. Shares fell 7.3% after-hours.
The miss on sales estimates and subsequent share price drop suggest negative market sentiment, likely leading to short-term declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
ABM Industries is expected to report earnings of 86 cents per share on $2.04 billion revenue. Shares rose 3.4% in after-hours trading.
ABM's positive after-hours movement suggests investor optimism ahead of earnings, indicating potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Big Lots is expected to report earnings of $3.46 per share on $1.04 billion revenue. Shares surged 23% in after-hours trading.
The significant after-hours price increase indicates strong investor confidence in Big Lots' upcoming earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Brady Corporation is expected to report earnings of $1.20 per share on $12.96 billion revenue. Shares rose 4.2% in after-hours trading.
The positive after-hours movement suggests investor optimism about Brady's upcoming earnings, indicating potential short-term gains.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80