tl;dr
U.S. stock index futures on Thursday pointed to a higher open, following a Federal Reserve-induced sell-off in the previous session. This was due to the central bank pushing back against imminent rate cuts, with chair Jerome Powell saying that a March cut was unlikely. Here are some stocks to watch ...
U.S. stock index futures on Thursday pointed to a higher open, following a Federal Reserve-induced sell-off in the previous session. This was due to the central bank pushing back against imminent rate cuts, with chair Jerome Powell saying that a March cut was unlikely. Here are some stocks to watch on Thursday:
Shares of Altria (NYSE:MO) gained more than 1% in pre-market trading, after the tobacco giant authorized a new $1B share buyback plan. Altria (MO) also reported Q4 2023 adjusted profit per share that came in-line with expectations, while its revenue slipped 2.2% Y/Y and missed estimates. Merck (MRK) stock added 2% ahead of the opening bell, after the pharmaceutical major delivered a Q4 2023 top and bottom line beat driven by sales of its blockbuster cancer therapy Keytruda. Honeywell (HON) stock slipped 3% ahead of market open after reporting a Q4 2023 revenue miss and a cautious forecast for full year 2024 sales. Amazon (AMZN) is expected to report Q4 2023 earnings after the closing bell, with a focus on the performance of Amazon Web Services and the growth of its Prime business. Apple (NASDAQ:AAPL) is also scheduled to announce FQ1 2024 numbers in extended trading, expected to snap four consecutive quarters of decline. Additionally, Plug Power (PLUG) advanced more than 14% in pre-market trading, following a successful start of operations at its Georgia plant and a stock upgrade from Roth MKM.
More about Altria Group
Altria Group, Inc. is a major player in the tobacco industry, with a market capitalization of $70,958,236,000. The stock has a current dividend yield of 8.19% and a P/E ratio of 3.8, indicating a relatively low valuation. The company's revenue growth rate is at 4.9%, and it has a healthy profit margin of 11.53%. The Relative Strength Index (RSI) is at 46.84, suggesting the stock is neither overbought nor oversold. However, the stock has experienced a slight decrease of -0.025, signaling a potential bearish trend. The company's financial data indicates stability and profitability, but the stock performance and market sentiment may warrant caution due to the potential bearish trend and uncertainty in the tobacco industry.
More about Merck & Company Inc
Merck & Co. Inc. is a leading American multinational pharmaceutical company with a market capitalization of $306.06 billion. The stock is currently trading at $67.10 with a dividend yield of 2.88% and a price/earnings ratio of 23.38. The company's market sentiment appears positive, with a relatively low beta of 0.0777, indicating lower volatility compared to the overall market. Merck & Co. Inc. also boasts a healthy revenue of $59.31 billion and a strong return on equity of 127.06%. However, it's important to note that the stock has a debt/equity ratio of 0.453, which could pose some potential risks. Overall, the stock's performance and market sentiment suggest a bullish trend, but investors should be cautious and consider the company's debt levels before making any investment decisions.
More about Honeywell International Inc
Honeywell International Inc. is a multinational conglomerate with a strong presence in aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. The company's stock performance has seen a 4.12% increase in the last quarter, with a current price of $215.57. Market sentiment appears to be slightly bullish with a positive RSI of 54.62, but there is a slight downward trend in the stock price with a decrease of 0.004. The company's market cap stands at $364.08 billion, indicating a strong position in the market. However, potential risks or uncertainties should be considered, as past market behavior is not always a reliable indicator of future performance.
More about Amazon.com Inc
Amazon.com Inc is a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As a member of the Big Five companies in the U.S. information technology industry, it holds a significant position in the global market. The company's market capitalization stands at $1.60 trillion, with a stock price of $183.67 and a price-earnings ratio of 81.26. The stock has shown a positive performance with a 1.91% increase and a bullish sentiment, as indicated by the Relative Strength Index (RSI) of 53.95. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with the analysis.
More about iRobot Corporation
iRobot Corporation is a company that designs, manufactures, and sells robots in various regions internationally. The company operates within the manufacturing sector, specifically in the household appliances industry. In terms of financial metrics, iRobot Corporation has a market capitalization of $3.78 billion and a trading volume of 1,564,987,000. The stock performance shows a decrease of 11.81% and a current stock price of $56.52. The market sentiment, as indicated by technical indicators, is slightly bearish with a Relative Strength Index (RSI) of 42.47 and a Bollinger Bands indicator of -0.37, suggesting a potential downward trend. It is important to note that past market behavior is not always indicative of future performance, and there are potential risks and uncertainties associated with this analysis.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the most valuable company since January 2021. As of 2021, it is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. The stock performance shows a price of $200.27 with a change of 0.135 and a percentage change of -0.007. The market sentiment towards Apple Inc. is positive, given its strong financial metrics and market position. However, potential risks and uncertainties should be considered, as past market behavior is not always a reliable indicator of future performance.
More about Plug Power Inc
Plug Power Inc. is a manufacturing company that provides turnkey hydrogen fuel cell solutions for the stationary power and electric mobility markets in North America and Europe. The company's stock performance has shown a decrease of 1.6% and a market sentiment of 1.505, indicating a slightly bearish trend. The company's market capitalization is 2,694,484,000 and the trading volume is 889,921,000. Given the current data, it is important to note the potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance.
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