Several companies are set to release their quarterly earnings reports this week, potentially impacting their stock prices. This article highlights key stocks to watch, including Acuity Brands, ReposiTrak, McCormick, Biohaven, and Nike. The article also mentions analyst expectations and recent stock price movements.
Shopify, a leading cloud-based commerce platform, has recently seen its stock price rise, but is this just a temporary surge or a sign of future growth? This analysis examines key factors influencing SHOP’s performance, including earnings estimates, revenue growth, valuation, and its Zacks Rank, providing insights for potential investors.
Acuity Brands, Inc. (AYI) is set to release its fourth-quarter earnings before the market opens on Tuesday, October 1st. Analysts predict strong earnings growth, with revenue also anticipated to increase. Benzinga analyzes recent analyst ratings to provide insights into the stock’s potential.
Merck (MRK) closed the trading day down 1.43%, lagging behind the broader market gains. While the company is projected to report strong earnings in the coming months, investors are cautious, leading to a recent stock decline. The article examines key financial data, analyst estimates, and valuation metrics to understand the current market sentiment surrounding Merck.
Accenture (ACN) reported solid fiscal fourth-quarter earnings, showcasing robust growth in generative AI (GenAI) bookings and revenues. However, the stock faced pressure in early trading, with analysts offering mixed perspectives on the company’s future prospects.
US stocks traded higher on Friday, with the Dow Jones Industrial Average gaining over 100 points. The Nasdaq and S&P 500 also saw gains. Costco reported strong fourth-quarter earnings, while energy shares jumped and consumer staples shares declined. European markets also saw gains, with the STOXX 600, DAX, and CAC 40 all rising. Asian markets closed mostly higher, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index leading the gains. In economic news, US wholesale inventories increased slightly in August, while the trade deficit in goods narrowed. Personal income and spending also saw modest gains. The US core PCE price index rose by 0.1% in August.
The stock market climbed on Thursday, driven by strong corporate earnings, positive economic data, and a continued easing of investor anxiety. The S&P 500 reached a new record high, while the Dow Jones gained over 260 points. The CNN Money Fear and Greed Index remained in the “Greed” zone, indicating a generally positive market sentiment.
Friday’s market opens with mixed futures, but several stocks are attracting investor attention. Costco reported strong earnings, while Scholastic exceeded expectations. Moving iMage Technologies and enVVeno Medical are also in focus, along with Travere Therapeutics which announced a pause in a clinical trial.
Carnival Corporation is set to release its third-quarter earnings on Monday, Sept. 30. Analysts anticipate strong results with revenue exceeding $7 billion and earnings exceeding $1 per share. This comes as Carnival has been making moves to expand its offerings and attract more passengers. We delve into the latest analyst ratings and what they predict for the cruise line giant.
BlackBerry Ltd (BB) reported strong second-quarter results, exceeding revenue and earnings expectations. The company attributed the success to growth in its cybersecurity and IoT segments. BlackBerry anticipates continued growth in these areas, setting revenue guidance for the third quarter and full year.
