tl;dr
U.S. stock index futures on Friday were mixed, as market participants continued to digest a slew of quarterly reports from major names. Investors also received further data on inflation. Here are some stocks to watch on Friday: - Shares of American Express (NYSE:AXP) added more than 1% in pre-mar...
U.S. stock index futures on Friday were mixed, as market participants continued to digest a slew of quarterly reports from major names. Investors also received further data on inflation. Here are some stocks to watch on Friday:
- Shares of American Express (NYSE:AXP) added more than 1% in pre-market trading, after the credit card issuer forecast full year adjusted profit above expectations. The company also said it planned to bump up its quarterly dividend by 17%. The guidance helped overshadow a Q4 2023 bottom line miss, though revenue climbed 11% Y/Y to $15.8B and beat consensus estimates, primarily driven by higher net interest income and increased card member spending.
- Colgate-Palmolive (CL) stock seesawed ahead of the opening bell, after the consumer goods giant reported Q4 2023 organic sales growth that topped expectations. The beat was driven by double-digit increases in its Latin America and Africa/Euroasia regions, while North America and Asia Pacific saw softer growth rates. Higher prices across products in the quarter helped Colgate's Q4 adjusted profit gain Y/Y and beat estimates by 2 cents. The company said its market share in the toothpaste industry continued to gain at 41.1% YTD. For the full year 2024, Colgate (CL) expects organic sales growth to be within its long-term targeted range of 3% to 5%.
- Class A shares of Coinbase Global (COIN) advanced about 5% ahead of market open, after Oppenheimer upgraded the stock to an Outperform rating from Perform. The brokerage sees the cryptocurrency exchange coming out on top after last year's slump in digital currencies.
- Class A shares of Snap (SNAP) climbed 3.5% in pre-market trading, after Deutsche Bank upgraded the stock to a Buy rating from Hold. The brokerage sees a "clear, strong catalyst path towards upwards revenue and EBITDA revisions" for the Snapchat-parent, supported by Snapchat creating incremental revenue, a rebuild in the ad platform, the Amazon (AMZN) partnership and a growing contribution from inbound advertising from China. The brokerage added that recent ad checks gave "credence" to a successful ad platform rebuild at Snap (SNAP).
More about American Express Company
American Express Company is a multinational financial services corporation with a market capitalization of $137.06 billion. The stock has a current price-to-earnings ratio of 17.64 and a price-to-book ratio of 2.32. The company has a return on equity of 10.66% and a dividend yield of 1.47%. Market sentiment for American Express is positive, with a market sentiment score of 0.336. The stock has shown strong performance, with a 52-week high of $194.10 and a 52-week low of $107. The company's financials indicate stability and growth potential, but potential risks and uncertainties should be considered, as past performance is not always indicative of future results.
More about Colgate-Palmolive Company
Colgate-Palmolive Company is a multinational consumer products company with a market cap of $66,874,278,000. The stock is currently trading at $42.52, showing a 1.9% increase. The company's P/E ratio is 23.06, and the dividend yield is 0.0829. Colgate-Palmolive Company's revenue stands at $19,136,000,000, and the stock has a beta of 0.103. Overall, the stock performance has been positive, with a slight increase in value. Market sentiment appears to be bullish, with the stock showing a stable growth trajectory. However, there may be potential risks associated with market volatility and economic uncertainties that could impact future performance.
More about Coinbase Global Inc
Coinbase Global Inc. is a company that provides financial infrastructure and technology for the crypto economy. With a market capitalization of $28.95 billion, the company has seen a 3.2% decrease in stock performance over the past period. Despite this, the market sentiment remains bullish with a Relative Strength Index (RSI) of 88.29, indicating overbought conditions. However, it's important to note the potential risks and uncertainties associated with the crypto market and the company's performance, as past behavior is not always indicative of future performance.
More about Snap Inc
Key Financial Metrics:
- Market Cap: $26,803,393,000
- Revenue: $4,544,563,000
- EPS: $2.847
- PE Ratio: 14.1
- Dividend Yield: 0.053%
Stock Performance:
- Net Change: -0.86
- Change in %: -0.3%
Market Sentiment:
- The stock of Snap Inc. has experienced a slight decrease in value, with a negative change in percentage. The company's revenue and market cap are significant, indicating a strong presence in the technology sector. The PE ratio suggests that the stock may be slightly overvalued compared to its earnings, but the low dividend yield indicates a focus on growth rather than dividends for investors. Further analysis of technical indicators and market trends is recommended to assess potential risks and uncertainties.
More about Amazon.com Inc
Amazon.com, Inc. is a major player in the U.S. information technology industry, focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. With a market cap of $1.63 trillion and a stock price of $3,027.99 as of the close on , Amazon's performance has been strong, with a year-to-date increase of 53.95%. The stock has shown bullish momentum, with a Relative Strength Index (RSI) of 82.59, indicating potential overbought conditions. The company's revenue of $554.03 billion and earnings per share of $182.86 demonstrate robust financial performance. However, it's important to note that the stock's rapid rise may pose a risk of a potential correction, and past performance is not always indicative of future results.
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