Top 5 Stocks to Watch: Visa, PayPal Lead the Pack
As U.S. stock futures trade slightly lower, several companies are set to attract investor attention today. Key players include Visa and PayPal, both of which are anticipated to report significant quarterly earnings.
Key Earnings Reports
Visa Inc. (NYSE:V)
Analysts predict that Visa will report quarterly earnings of $2.97 per share. Revenue for the latest quarter is estimated at $10.61 billion. Visa’s shares experienced a 0.3% increase, reaching $348.80 in after-hours trading.
PayPal Holdings Inc. (NASDAQ:PYPL)
PayPal is expected to announce quarterly earnings of $1.20 per share, with anticipated revenue of $8.23 billion. The company’s shares gained 1.3%, reaching $71.15 in after-hours trading.
United Parcel Service Inc. (NYSE:UPS)
UPS is set to report earnings of $1.31 per share, with revenues projected at $20.83 billion. Following positive market trends, UPS shares rose by 0.7% to $89.80.
Waste Management Inc. (NYSE:WM)
Contrarily, Waste Management reported disappointing earnings for the third quarter. Shares fell by 3.4% to $206.50 in after-hours trading.
Nucor Corp. (NYSE:NUE)
Nucor surprised analysts with better-than-expected earnings of $2.63 per share against an estimate of $2.25. Quarterly revenue reached $8.52 billion, surpassing the $8.15 billion consensus. However, shares dipped by 0.6%, closing at $143.24.
Market Overview
- Visa Inc.: Expected earnings of $2.97 per share.
- PayPal Holdings: Anticipated earnings of $1.20 per share.
- UPS: Projected earnings of $1.31 per share.
- Waste Management: Reported weaker-than-expected results.
- Nucor Corp: Reported strong earnings but shares have dipped.
In summary, Visa and PayPal remain strong candidates for investor interest, while UPS, Waste Management, and Nucor provide a mixed outlook as earnings reports unfold. Keep an eye on these stocks as the market reacts to their announcements.
