Nike, Conagra Brands And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with key stocks to watch including Conagra Brands, Lamb Weston, RPM International, Nike, and Levi Strauss. Conagra is expected to report earnings of 60 cents per share, while Lamb Weston reported better-than-expected earnings but announced workforce cuts. RPM International is expected to post earnings of $1.75 per share. Nike reported better-than-expected earnings but missed sales estimates, leading to a 5.9% drop in after-hours trading. Levi Strauss is expected to post earnings of 31 cents per share.
October 02, 2024 | 6:56 am
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NEGATIVE IMPACT
Lamb Weston reported strong earnings but announced a 4% workforce cut. Shares fell 3.7% in after-hours trading.
Despite strong earnings, the announcement of workforce cuts likely led to the 3.7% drop, indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nike reported better-than-expected earnings but missed sales estimates, leading to a 5.9% drop in after-hours trading.
Nike's earnings beat was overshadowed by missed sales estimates, causing a significant 5.9% drop, indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Conagra Brands is expected to report earnings of 60 cents per share on $2.84 billion revenue. Shares fell 0.2% in after-hours trading.
Conagra's expected earnings are in line with estimates, and the slight after-hours decline suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
RPM International is expected to post earnings of $1.75 per share. Shares fell 0.8% in after-hours trading.
RPM's expected earnings are in line with estimates, and the slight after-hours decline suggests a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Levi Strauss is expected to post earnings of 31 cents per share. Shares gained 0.5% in after-hours trading.
Levi Strauss's expected earnings and slight after-hours gain suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70