Home Depot, Tyson Foods And 3 Stocks To Watch Heading Into Tuesday
Tuesday, Nov 12, 2024 2:17 am ET
3min read As we approach Tuesday's trading session, several stocks have caught the attention of investors due to their recent performance and upcoming earnings reports. Let's take a closer look at Home Depot, Tyson Foods, and three other stocks to watch.
1. **Home Depot (HD)** - The home improvement giant is set to report earnings before the bell on Tuesday. Analysts expect higher revenue but lower profits compared to the same time last year. Recent quarters from Home Depot and rival Lowe's have disappointed as Americans put off big purchases to focus spending on essentials. However, JPMorgan analysts suggested sales could see a bump from hurricanes that impacted parts of the South in the quarter. Most analysts covering the stock hold "buy" ratings, with an average price target implying about 1% upside.
2. **Tyson Foods (TSN)** - The major meat seller is also reporting earnings on Tuesday. Investors can learn a lot about grocery pricing from the company's earnings commentary. Tyson Foods has been facing challenges in the meat industry, including labor shortages and higher input costs. However, the company has been focusing on its prepared foods segment, which has shown growth potential. Analysts expect Tyson Foods to report earnings per share (EPS) of $2.01 on revenue of $13.1 billion.
3. **Shopify (SHOP)** - The e-commerce facilitator is reporting earnings on Tuesday as well. Shopify spent too much during its last quarter, but it could see the rewards of its spending this time around. The company's investment in its platform, including the launch of Shopify Balance and Shopify Shipping, has enhanced its value proposition, attracting more merchants and boosting growth. Shopify's international expansion has also been a significant driver of its success. Analysts expect Shopify to report EPS of $0.18 on revenue of $1.2 billion.
4. **Disney (DIS)** - The entertainment giant is reporting earnings on Thursday. A lot of solid business at Disney is being overshadowed by weakness in its theme park sector. However, the company's expanding cruise business could "move the needle." Disney's streaming service, Disney+, has been a significant driver of growth, with over 152 million paid subscribers worldwide. Analysts expect Disney to report EPS of $1.13 on revenue of $21.8 billion.
In conclusion, investors should keep an eye on Home Depot, Tyson Foods, Shopify, and Disney heading into Tuesday's trading session. Each of these companies has its own unique story and potential catalysts for growth. By staying informed about their earnings reports and market trends, investors can make more informed decisions about their portfolios.
1. **Home Depot (HD)** - The home improvement giant is set to report earnings before the bell on Tuesday. Analysts expect higher revenue but lower profits compared to the same time last year. Recent quarters from Home Depot and rival Lowe's have disappointed as Americans put off big purchases to focus spending on essentials. However, JPMorgan analysts suggested sales could see a bump from hurricanes that impacted parts of the South in the quarter. Most analysts covering the stock hold "buy" ratings, with an average price target implying about 1% upside.
2. **Tyson Foods (TSN)** - The major meat seller is also reporting earnings on Tuesday. Investors can learn a lot about grocery pricing from the company's earnings commentary. Tyson Foods has been facing challenges in the meat industry, including labor shortages and higher input costs. However, the company has been focusing on its prepared foods segment, which has shown growth potential. Analysts expect Tyson Foods to report earnings per share (EPS) of $2.01 on revenue of $13.1 billion.
3. **Shopify (SHOP)** - The e-commerce facilitator is reporting earnings on Tuesday as well. Shopify spent too much during its last quarter, but it could see the rewards of its spending this time around. The company's investment in its platform, including the launch of Shopify Balance and Shopify Shipping, has enhanced its value proposition, attracting more merchants and boosting growth. Shopify's international expansion has also been a significant driver of its success. Analysts expect Shopify to report EPS of $0.18 on revenue of $1.2 billion.
4. **Disney (DIS)** - The entertainment giant is reporting earnings on Thursday. A lot of solid business at Disney is being overshadowed by weakness in its theme park sector. However, the company's expanding cruise business could "move the needle." Disney's streaming service, Disney+, has been a significant driver of growth, with over 152 million paid subscribers worldwide. Analysts expect Disney to report EPS of $1.13 on revenue of $21.8 billion.
In conclusion, investors should keep an eye on Home Depot, Tyson Foods, Shopify, and Disney heading into Tuesday's trading session. Each of these companies has its own unique story and potential catalysts for growth. By staying informed about their earnings reports and market trends, investors can make more informed decisions about their portfolios.
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