GameStop, Designer Brands And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Several stocks are in focus as U.S. stock futures trade lower. Designer Brands, GameStop, Manchester United, Dave & Buster's, and Oxford Industries are highlighted due to earnings reports and market reactions.

September 11, 2024 | 7:01 am
News sentiment analysis
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NEGATIVE IMPACT
GameStop reported a surprise profit but missed sales expectations, causing shares to dip 10.4% in after-hours trading.
The significant drop in share price reflects investor disappointment in sales performance despite a surprise profit, likely leading to short-term negative impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Manchester United is expected to post a quarterly loss of $0.17 per share on $188.52 million revenue. Shares rose 1.4% in after-hours trading.
Despite the expected loss, the slight increase in share price suggests neutral to slightly positive sentiment, possibly due to other factors not detailed in the article.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Designer Brands is expected to report earnings of $0.53 per share on $816.14 million revenue. Shares rose 3.2% in after-hours trading.
The positive after-hours movement suggests investor optimism ahead of the earnings report, indicating a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oxford Industries is expected to report earnings of $3.00 per share on $438.18 million revenue. Shares rose 4% in after-hours trading.
The positive after-hours movement suggests investor optimism ahead of the earnings report, indicating a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Dave & Buster's reported stronger-than-expected earnings, leading to a 12.2% rise in shares during after-hours trading.
The strong earnings report and significant after-hours price increase indicate positive investor sentiment and likely short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 85