Crude Oil Rises 2%; Kohl's Reports Surprise Q1 Profit
Portfolio Pulse from Lisa Levin
Crude oil prices rose 2% while U.S. stocks traded lower, with the Dow Jones dropping over 250 points. Kohl's Corp reported better-than-expected Q1 results and reaffirmed its FY23 outlook. Energy shares rose by 0.3%, with Granite Ridge Resources and StealthGas among the top gainers. In contrast, real estate shares fell 1.7%.
May 24, 2023 | 6:43 pm
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POSITIVE IMPACT
StealthGas Inc.'s stock increased by 4% as energy shares gained 0.3% on Wednesday.
As energy shares rose by 0.3%, StealthGas Inc.'s stock price increased by 4%. The rise in energy shares positively impacted the stock price of GASS.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Granite Ridge Resources' stock rose 5% as energy shares gained 0.3% on Wednesday.
As energy shares rose by 0.3%, Granite Ridge Resources' stock price increased by 5%. The rise in energy shares positively impacted the stock price of GRNT.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Kohl's Corp reported better-than-expected Q1 results and reaffirmed its FY23 outlook, with sales of $3.57 billion and EPS of $0.13.
Kohl's Corp reported better-than-expected Q1 results, with sales of $3.57 billion and EPS of $0.13, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100