Market Preview
As U.S. stock futures stumble at the starting line this Monday morning, the spotlight shifts to several pertinent stocks that could pique investor interest on this trading day.
Anticipated Performances
According to projections circulating on Wall Street, Dada Nexus Limited is due to unveil its quarterly financial report post-market, with expected earnings of 9 cents per share and revenue figures clocking in at $432.74 million. Impressively, Dada Nexus shares showed resilience in the after-hours, bucking the trend with a modest 0.9% uptick to $2.33.
Salarius Pharmaceuticals, Inc. revealed a narrower net loss for the Q4 period, standing at $0.9 million or 22 cents per share, marking a substantial improvement from the year-prior loss of $6.4 million or $2.83 per share. This favorable news propelled Salarius Pharmaceuticals shares to a remarkable 50.6% surge to $0.9335 during after-hours trading.
LightInTheBox Holding Co., Ltd. is set to disclose its unaudited financial results for the fourth quarter before market opening today. On Friday, the showstopper was LightInTheBox shares, which climbed 4.9% to close at $0.7929.
Corporate Moves
Masimo Corporation made waves with a significant announcement during the after-hours session on Friday. The company’s decision to explore a potential separation of its consumer business spurred bullish activity, leading to a 13.9% surge in Masimo shares to $153.65. Moreover, the company reaffirmed its first-quarter and FY24 guidance, adding to the buzz surrounding its stock.
Turning attention towards Westport Fuel Systems Inc., analysts are bracing for a quarterly loss of 51 cents per share on revenue amounting to $86.49 million after the closing bell. Contrarily, Westport Fuel shares experienced a 7.1% decline to $5.85 in the after-hours trading session, signaling a potentially rocky road ahead.
