Crude Oil Down 1%; Foot Locker Earnings Miss Expectations
Portfolio Pulse from Lisa Levin
US stocks traded lower on Friday, with the Dow Jones dropping over 100 points. Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance. Crude oil was down 1%, while gold and silver traded higher. European shares closed higher, while Asian markets closed mixed.
May 19, 2023 | 6:30 pm
News sentiment analysis
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POSITIVE IMPACT
Farfetch Limited's shares gained 21% after reporting better-than-expected Q1 results.
Farfetch Limited's better-than-expected Q1 results led to a 21% increase in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Greenland Technologies Holding Corporation's shares rose 12% after reporting better-than-expected Q1 financial results.
Greenland Technologies Holding Corporation's better-than-expected Q1 financial results led to a 12% increase in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Dorian LPG Ltd's shares rose by 5% on Friday.
Dorian LPG Ltd's shares rose by 5% on Friday, but the article does not provide a direct reason for the increase.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Natural Gas Services Group, Inc.'s shares rose by 5% on Friday.
Natural Gas Services Group, Inc.'s shares rose by 5% on Friday, but the article does not provide a direct reason for the increase.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Stereotaxis, Inc.'s shares shot up 38% after announcing a global collaboration with Abbott.
Stereotaxis, Inc.'s shares increased by 38% after announcing a global collaboration with Abbott, which is a significant positive development for the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Artesian Resources Corporation's shares were down 11% after announcing the pricing of a $34.8 million public offering.
Artesian Resources Corporation's announcement of a $34.8 million public offering at a price of $50 per share led to an 11% decrease in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to drop 26%.
Foot Locker's worse-than-expected Q1 results and lowered FY23 guidance directly impacted its stock price, causing a significant drop of 26%.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
D-Wave Quantum Inc.'s shares fell 18% following weak quarterly results.
D-Wave Quantum Inc.'s weak quarterly results directly impacted its stock price, causing an 18% decrease.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100