Nasdaq Surges 100 Points; Walmart Raises Full-Year Outlook
Portfolio Pulse from Lisa Levin
The Nasdaq Composite gained around 100 points on Thursday, with Walmart raising its full-year forecast after reporting better-than-expected Q1 results. Financials shares rose by 2.2%, with SelectQuote and National Western Life Group among the top gainers. Consumer staples shares fell 0.2%.
May 18, 2023 | 4:09 pm
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POSITIVE IMPACT
National Western Life Group's stock price rose 41% as financials shares gained 2.2% on Thursday.
National Western Life Group's stock price increase is likely due to the overall positive performance of financials shares on Thursday, which could lead to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SelectQuote's stock price rose 35% as financials shares gained 2.2% on Thursday.
SelectQuote's stock price increase is likely due to the overall positive performance of financials shares on Thursday, which could lead to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart reported better-than-expected Q1 results and raised its full-year forecast, with sales growth of 7.6% YoY to $152.30 billion and adjusted EPS of $1.47.
Walmart's better-than-expected Q1 results and raised full-year forecast indicate strong performance and growth potential, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100