Adobe, RH And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
Several stocks are in focus as U.S. stock futures trade slightly lower. SelectQuote is expected to report a quarterly loss, Adobe reported better-than-expected Q3 earnings but saw a share dip, Cheetah Mobile is set to release earnings, RH reported strong Q2 results, and Oracle projected significant future revenue growth.
September 13, 2024 | 5:19 am
News sentiment analysis
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POSITIVE IMPACT
Cheetah Mobile is set to release its Q2 earnings. Shares jumped 13.3% to close at $4.04 on Thursday.
The pre-earnings share price increase suggests positive market expectations for the upcoming report.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oracle projects FY29 revenue of at least $104 billion, causing shares to surge 6.6% in after-hours trading.
The strong future revenue projection has positively impacted investor sentiment, leading to a significant share price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
RH reported stronger-than-expected Q2 financial results, leading to an 18.8% increase in after-hours trading.
The strong financial results and significant share price increase indicate positive investor sentiment and potential for continued upward movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
SelectQuote is expected to report a quarterly loss of 15 cents per share on revenue of $272.95 million. Shares rose 10.3% in after-hours trading.
Despite the expected loss, the significant after-hours price increase suggests positive investor sentiment or anticipation of better-than-expected results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Adobe reported better-than-expected Q3 earnings but shares dipped 9.1% in after-hours trading. The company projects Q4 revenue of $5.5-$5.55 billion and earnings of $4.63-$4.68 per share.
Despite strong earnings, the share price drop indicates investor concerns, possibly about future guidance or market conditions.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90