Apple, Microsoft And 3 Stocks To Watch Heading Into Thursday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower, with key companies like Amazon, Meta, Apple, Microsoft, and Uber in focus due to earnings reports. Amazon and Apple are set to release earnings, while Meta and Microsoft have already reported results. Uber's earnings are also anticipated.
October 31, 2024 | 10:11 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon is expected to report earnings of $1.14 per share on $157.2 billion revenue. Shares fell 1.2% in after-hours trading.
Amazon's upcoming earnings report is highly anticipated, with expectations set at $1.14 EPS. The 1.2% drop in after-hours trading suggests investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Meta reported better-than-expected Q3 results with $40.59 billion revenue, but shares fell 3.7% in after-hours trading.
Despite beating revenue estimates, Meta's 3.7% share drop indicates potential concerns over other aspects of the earnings report.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Microsoft reported strong Q1 results with $65.60 billion revenue, beating estimates. Shares fell 4% in after-hours trading.
Despite strong earnings, Microsoft's 4% share drop suggests investor concerns, possibly over future guidance or other factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Apple is expected to report earnings of $1.6 per share on $94.58 billion revenue. Shares fell 0.3% in after-hours trading.
Apple's upcoming earnings are closely watched, with a slight 0.3% drop in after-hours trading suggesting a neutral market stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Uber is expected to report earnings of 41 cents per share on $10.98 billion revenue. Shares gained 1.2% in after-hours trading.
Uber's anticipated earnings and a 1.2% rise in after-hours trading suggest positive investor sentiment ahead of the report.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80