FedEx, Lennar And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Avi Kapoor
FedEx reported weaker-than-expected Q1 results and lowered its full-year guidance, causing shares to drop 11%. VinFast Auto is expected to report a quarterly loss. Chewy announced a public offering and share repurchase, leading to a slight share decline. MillerKnoll reported downbeat Q1 results and lowered Q2 guidance, causing shares to fall 5.3%. Lennar reported strong Q3 results but shares fell 2.4%.
September 20, 2024 | 6:21 am
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NEUTRAL IMPACT
Lennar reported better-than-expected Q3 results but shares fell 2.4% in after-hours trading.
Despite strong Q3 results, Lennar's shares fell, possibly due to profit-taking or broader market conditions, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
VinFast Auto is expected to report a quarterly loss of 21 cents per share on revenue of $460.09 million.
The expected loss is already priced in, as indicated by the slight increase in after-hours trading. The impact is neutral as the market anticipates the loss.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Chewy announced a public offering by a selling stockholder and a concurrent share repurchase, causing shares to fall 0.8%.
The announcement of a public offering typically leads to a dilution of shares, which can negatively impact the stock price, as seen by the slight decline.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
FedEx reported weaker-than-expected Q1 results and lowered its full-year guidance, leading to an 11% drop in shares.
FedEx's Q1 revenue and earnings missed analyst estimates, and the company lowered its full-year guidance, which is a negative signal for investors, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
MillerKnoll reported downbeat Q1 results and lowered Q2 guidance, leading to a 5.3% decline in shares.
The company's downbeat Q1 results and lowered Q2 guidance are negative indicators, leading to a significant drop in share price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100