Cintas, Micron Technology And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
Cintas, Micron Technology, Progress Software, Worthington Enterprises, and Jefferies Financial Group are in focus as U.S. stock futures trade lower. Cintas and Jefferies are set to report earnings, while Progress Software raised its FY24 outlook. Worthington reported weaker-than-expected results.
September 25, 2024 | 6:15 am
News sentiment analysis
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NEGATIVE IMPACT
Worthington Enterprises reported weaker-than-expected Q1 results, causing a 4% drop in after-hours trading.
The weaker-than-expected results have negatively impacted investor sentiment, likely leading to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Cintas is expected to report earnings of 95 cents per share on $2.5 billion revenue. Shares rose 0.5% in after-hours trading.
Cintas is set to report earnings, and the positive after-hours movement suggests investor optimism. This could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies Financial Group is expected to report earnings of 78 cents per share on $1.71 billion revenue. Shares rose 0.7% in after-hours trading.
The anticipation of earnings and positive after-hours movement suggest a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Micron Technology is expected to post earnings of $1.13 per share on $7.64 million revenue. Shares rose 0.8% in after-hours trading.
The anticipation of earnings and positive after-hours movement suggest a potential short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Progress Software reported strong Q3 results and raised its FY24 outlook, leading to a 5.2% increase in after-hours trading.
The better-than-expected results and raised outlook are positive indicators, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90