US Stocks Likely To Open Weaker As Investors Eye Alphabet, AMD And Pfizer Earnings: Expert Says Won't Be 'Surprised' If Earnings Exceed Wall Street Expectations
Portfolio Pulse from Rounak Jain
US stocks are expected to open weaker as investors focus on upcoming earnings from major companies like Alphabet, AMD, and Pfizer. Analysts suggest earnings may exceed Wall Street expectations. The tech sector, led by Tesla, continues to drive market gains. Ford and McDonald's face premarket declines due to guidance cuts and sales drops, respectively.
October 29, 2024 | 11:43 am
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POSITIVE IMPACT
AMD's earnings are anticipated, with potential to exceed expectations, impacting its stock performance.
AMD is among the companies reporting earnings, and positive results could lead to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet's upcoming earnings are a focal point for investors, with expectations that results may exceed Wall Street estimates.
Alphabet is one of the key companies reporting earnings this week, and there is an expectation that results could surpass estimates, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pfizer's earnings are on the radar, with potential to exceed expectations, influencing its stock price.
Pfizer is set to report earnings, and if results exceed expectations, it could positively impact its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ford's stock fell 5.5% in premarket trading after cutting revenue and profit guidance.
Ford's guidance cut has led to a significant premarket decline, indicating a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
McDonald's shares fell nearly 2% in premarket trading due to a higher-than-expected fall in global sales.
The unexpected decline in global sales has negatively impacted McDonald's stock in premarket trading, suggesting a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85