AutoZone, Thor Industries And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Avi Kapoor
AutoZone, AAR Corp, THOR Industries, Snowflake, and KB Home are stocks to watch as they report earnings or make significant announcements. AutoZone and THOR Industries are set to release earnings, AAR Corp exceeded expectations, Snowflake announced a $2 billion note placement, and KB Home will report earnings post-market.
September 24, 2024 | 7:18 am
News sentiment analysis
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NEGATIVE IMPACT
Snowflake announced a $2 billion private placement of senior convertible notes. Shares fell 3.1% after-hours.
The announcement of a large note placement led to a decline in Snowflake's share price, indicating potential short-term pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
AutoZone is expected to report earnings of $53.53 per share on $6.22 billion revenue. Shares fell 0.7% in after-hours trading.
AutoZone's earnings report is a significant event, but the slight drop in after-hours trading suggests mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AAR Corp reported better-than-expected earnings of 85 cents per share, beating the estimate of 82 cents. Shares rose 3.4% after-hours.
AAR Corp's better-than-expected earnings and positive after-hours movement indicate a likely short-term price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
KB Home is expected to report earnings of $2.06 per share on $1.73 billion revenue. Shares gained 1.1% on Monday.
The positive movement in KB Home's stock suggests investor optimism ahead of its earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
THOR Industries is expected to report earnings of $1.30 per share on $2.47 million revenue. Shares gained 1.6% after-hours.
The positive after-hours movement suggests investor optimism ahead of THOR Industries' earnings report.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75