Stocks to Watch on Tuesday
U.S. stock futures are trading higher this morning, setting the stage for a potentially positive trading day. Here are some stocks that investors may be closely watching:
Home Depot, Inc. (HD)
: Analysts are expecting The Home Depot to report quarterly earnings of $4.50 per share on revenue of $43.38 billion before the market opens. Home Depot shares rose 0.2% to $346.59 in after-hours trading.
RumbleOn, Inc. (RMBL)
: RumbleOn reported second-quarter revenue of $22.5 million, a 27% sequential increase. This exceeded analysts’ expectations of $19.69 million. The company also reported a loss of 13 cents per share, outperforming the anticipated loss of 15 cents per share. Rumble shares closed at $3.42 on Monday, down 0.3%.
Paysafe Limited (PSFE)
: Paysafe is expected to release its quarterly earnings before the market opens, with analysts forecasting earnings of 8 cents per share on revenue of $424.29 million. Paysafe shares gained 2.6% to $19.86 in after-hours trading.
Kyverna Therapeutics, Inc. (KYTX)
: Kyverna Therapeutics announced that it received RMAT designation from the U.S. Food and Drug Administration (FDA) for KYV-101, a potential treatment for progressive myasthenia gravis. This designation could expedite the drug’s regulatory review. Kyverna Therapeutics shares rose 2.9% to $6.72 in after-hours trading.
XP Inc. (XP)
: Analysts anticipate that XP Inc. will report quarterly earnings of 36 cents per share on revenue of $770.39 million after the market closes. XP shares ended Monday’s trading session at $18.03, down 0.2%.
Disclaimer:
This information is for informational purposes only and does not constitute investment advice. It is essential to consult with a qualified financial advisor before making any investment decisions.
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