WD-40 Company, KB Home And 3 Stocks To Watch Heading Into Monday

As the market enters a new week, investors are keeping a close eye on several stocks that have been making headlines. Among them are WD-40 Company (WDFC), KB Home (KBH), and three other stocks that are worth watching. Let's dive into the key factors driving their performance and what investors can expect in the coming days.



WD-40 Company reported better-than-expected results for its first quarter, with earnings of $0.55 per share on revenue of $125.53 million. The company's revenue grew by 7.6% year-over-year, driven by increased sales in its Americas and Europe, Middle East, and Africa (EMEA) regions. WD-40 Company's gross margin improved to 44.08% from 42.97% in the previous quarter, indicating improved operational efficiency. The company's strong performance can be attributed to its wide range of maintenance and repair products, expansion into new markets, and favorable currency exchange rates. WD-40 Company's stock price gained 5.5% in after-hours trading following the earnings report.




KB Home is expected to report quarterly earnings after the markets close on Thursday, January 9. Analysts expect the company to post earnings of $2.45 per share on revenue of $1.99 billion. KB Home's stock price has gained 0.1% in after-hours trading, likely reflecting investor anticipation of the earnings report and any potential positive surprises. KB Home's personalized build-to-order strategy, strategic land acquisitions, and focus on operational efficiency have been driving its performance and are expected to continue to do so in the future.




Macy's stock price jumped 15% at the open on Monday morning after reports of a takeover bid from private equity companies Arkhouse Management and Brigade Capital. The reported value of the bid is $5.8 billion, with shareholders potentially receiving $21 per share in cash. The potential acquisition could provide a much-needed boost to Macy's stock price, which has fallen by two-thirds since the mid-2010s. However, some long-term shareholders might be irritated at the timing of the deal, as Macy's had finally started to show signs of recovering from recent difficulties related to inventory management and shopping trends.



Cigna's stock price climbed 13% early Monday after the company announced a new $10 billion share repurchase authorization, bringing the total to $11.3 billion. At least $5 billion of the buyback is expected to be completed by the end of June 2024. Cigna's decision to pay shareholders instead of pursuing a merger with Humana, which would have likely faced regulatory scrutiny, has driven the stock price higher. The company's commitment to returning capital to shareholders indicates its confidence in its stock price and its commitment to maintaining a strong balance sheet.




Comtech Telecommunications Corp. is expected to report a quarterly loss of $0.16 per share on revenue of $125.53 million before the opening bell. Comtech Telecommunications shares gained 3.9% to $4.29 in after-hours trading following the earnings report. The company's stock price has been volatile in recent months, and investors will be watching closely to see if the company can turn its financial performance around.



In conclusion, investors should keep a close eye on WD-40 Company, KB Home, Macy's, Cigna, and Comtech Telecommunications Corp. as they head into the new week. Each of these stocks has unique catalysts driving their performance, and investors can expect continued volatility and potential opportunities in the coming days. As always, it is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.