Alcoa, Netflix And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, but several companies are in focus due to earnings reports. Alcoa reported better-than-expected earnings, boosting its stock by 6%. Travelers, Netflix, Steel Dynamics, and Marsh & McLennan are also highlighted for their earnings expectations or results.
October 17, 2024 | 6:08 am
News sentiment analysis
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NEUTRAL IMPACT
Netflix is expected to report earnings of $5.12 per share on $9.77 billion revenue. Shares fell 0.1% after-hours.
Despite high earnings expectations, the slight after-hours decline suggests a neutral short-term impact on NFLX stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alcoa reported Q3 earnings of 57 cents per share, beating estimates of 28 cents. Shares surged 6% after-hours.
Alcoa's significant earnings beat and subsequent 6% share price increase indicate a strong positive impact on its stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Marsh & McLennan is expected to report earnings of $1.61 per share on $5.70 billion revenue. Shares rose 0.5% after-hours.
Positive earnings expectations and a slight after-hours price increase suggest a likely positive impact on MMC's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Steel Dynamics reported strong Q3 earnings and cash flow, with shares rising 1.9% after-hours.
Strong earnings and cash flow performance led to a 1.9% increase in share price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Travelers Companies is expected to report earnings of $3.64 per share on $11.49 billion revenue. Shares rose 0.9% in after-hours trading.
Positive earnings expectations and after-hours price increase suggest a likely positive impact on TRV's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80