NASDAQ 100 After Hours Indicator Shows Mixed Activity

The report highlights the performance of various stocks in the after-hours trading session. Notably, companies like Bath & Body Works and NVIDIA have seen upward revisions in their earnings forecasts, which may positively influence investor sentiment.

Date: 01-10-2024

AI Rating: 7

The report provides an overview of the NASDAQ 100 After Hours Indicator, which is down by -23.84 to 20,036.85, indicating a slight dip in market sentiment during after-hours trading. The total trading volume is noted at 112,596,343 shares, suggesting a somewhat active trading environment.

Earnings Per Share (EPS): Bath & Body Works, Inc. (BBWI) has a consensus EPS forecast of $0.45 with three upward revisions in its earnings forecast for the fiscal quarter ending April 2025. NVIDIA Corporation (NVDA) also shows a positive outlook with six upward revisions for their EPS, set at $0.69 for the fiscal quarter ending October 2024. These revisions suggest that both companies are expected to perform better than previously anticipated, which could enhance investor confidence and positively affect their stock prices.

Stock Performances: In terms of stock price movement, BBWI remains unchanged at $31.92, trading at 79.8% of its target price of $40, indicating room for appreciation. NVDA, on the other hand, is up by +0.07 at $121.51 and also falls in the 'buy range' according to analysts. This positive analyst sentiment could further drive investor interest. Other stocks like Apple Inc. (AAPL) and Comcast Corporation (CMCSA) also maintain strong recommendations in the 'buy range', reflecting potential upward momentum.

Overall Market Sentiment: Companies with unchanged stock prices, such as Southwestern Energy Company (SWN) and International Paper Company (IP), present a mixed picture, while those that experienced declines (e.g., Alphabet Inc. (GOOGL) and Intel Corporation (INTC)) may reflect negative sentiments or market corrections. The spread of both positive revisions and unchanged stock prices could suggest a cautious yet optimistic outlook among investors.

Stocks: SWN BBWI NVDA CMCSA AAPL DBRG ENSG GOOGL INTC PWSC SNAP IP