4 stocks to watch on Friday: INTU, MSTR and more

seekingalpha
2024-11-22

-Oxford-

U.S. stock index futures on Friday were largely unchanged, though Wall Street was on track to end the week in positive territory. Here are some stocks to watch on Friday:

  • Shares of Intuit (INTU) fell nearly 2% in pre-market trading, after the financial and accounting software developer provided current quarter guidance that came in slightly below expectations. Intuit owns several software products such as tax preparation tool TurboTax, bookkeeper QuickBooks, and online credit score service Credit Karma. The midpoint of Intuit's (INTU) FQ2 2025 top- and bottom-line guidance ranges came in a tad under the consensus. "We are reiterating our full-year guidance for fiscal 2025," finance chief Sandeep Aujla said.
  • NetApp (NTAP) stock climbed about 8% ahead of the opening bell, after the data infrastructure firm delivered a beat-and-raise FQ2 2025 performance. NetApp (NTAP) provides all-flash and hybrid storage products, as well as data management, cyber resilience and cloud services. Its all-flash array annualized revenue run rate reached a quarterly record, increasing 19% Y/Y to $3.8B. Top boss George Kurian also noted a "strong performance in first party and marketplace cloud storage services."
  • Shares of The Buckle (BKE) added almost 4% ahead of market open, after the U.S. apparel retailer reported its strongest quarterly comparable sales showing of the fiscal year. The Buckle's (BKE) Q3 comparable store net sales fell just 0.7% Y/Y, a marked improvement from Q2's 6.6% decrease and Q1's 9% drop. The retailer has been struggling with declining sales as demand for its products remains muted amid larger, more well-known rivals.
  • MicroStrategy (MSTR) stock advanced about 2% in pre-market trading, after plunging more than 16% in the previous session. Amid bitcoin's (BTC-USD) seemingly inevitable march to $100K, stocks tied to the crypto have been in the spotlight. MicroStrategy (MSTR) in particular has attracted attention after taking out more debt in the form of convertible senior notes this week, and after activist short-seller Andrew Left's Citron Research bet against what it called an "overheated" stock.

More on the markets

  • Small-Caps Are Outperforming Technology In A Sign Of Strength
  • Credit Card Delinquency Approaching Great Recession Peak Is Major Risk For Banks
  • Euro And Sterling Trying To Stabilize After Sharp Drop On The Back Of Disappointing Flash PMI
  • After-hours movers: Gap, Ross shares rise after earnings; Intuit bitten by guidance
  • CFRA sees S&P 500 rising to 6,585 in 2025 and running into heightened volatility

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