Stocks to Watch This Week
WEB: Disney, Palantir, Super Micro, Uber, Paramount, and More
Earnings season continues in full force this week with several notable companies reporting their latest financial results. Here are some of the stocks to watch:
WEB: Disney, Palantir, Super Micro, Uber, and Paramount are all set to report earnings this week. Disney is expected to post strong results thanks to the success of its streaming services and theme parks. Palantir, a data analytics company, is also expected to report solid growth. Super Micro, a server and storage hardware provider, is likely to benefit from the ongoing demand for cloud computing. Uber, the ride-hailing giant, is expected to show continued growth in its core ride-sharing business. Paramount, the media conglomerate, is expected to report a decline in revenue due to the ongoing cord-cutting trend.
Caterpillar: The heavy equipment manufacturer reported mixed earnings on Tuesday, with revenue coming in below expectations but earnings per share beating estimates. The stock rose 3.6% after the news.
Super Micro: The company also announced a 10-for-one stock split that would take effect in October. The stock rose 1.5% after the announcement.
More than three-quarters of the stocks in the S&P 500 rose on Tuesday. The index closed up 1.1% at 3,972.61.
Stocks to Watch Tuesday: Stock Market News May 7, 2024
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