Benzinga Pro's Top 5 Stocks To Watch For Wed., May. 31, 2023: AAL, BRTX, BP, CRM, SOFI
Portfolio Pulse from Benzinga Newsdesk
American Airlines raises Q2 guidance, BioRestorative Therapies gets a license from NY Health Department, BP shares fall due to oil price drop, Salesforce to report Q1 earnings, and SoFi Technologies gains on US debt limit bill progress.
May 31, 2023 | 1:02 pm
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NEGATIVE IMPACT
BP shares fall amid a drop in oil prices, caused by a decline in China factory activity, leading to economic recovery concerns and a pressured oil demand outlook.
The drop in oil prices due to concerns over China's economic recovery is likely to have a negative impact on BP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Salesforce is set to report its Q1 earnings after the market close today.
The announcement of Salesforce's Q1 earnings will likely have an impact on its stock price, but the direction of the impact cannot be determined until the earnings are released.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
American Airlines raises its Q2 financial guidance, now expecting adjusted EPS of $1.45-$1.65, up from the prior range of $1.20-$1.40.
American Airlines' raised guidance indicates improved financial performance, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BioRestorative Therapies receives a license from the New York State Department of Health to act as a tissue bank for processing mesenchymal stem cells.
The license from the New York State Department of Health allows BioRestorative Therapies to expand its operations, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SoFi Technologies shares gain for a second day amid progress on a US debt limit bill, which would reinstate student loan payments.
Progress on the US debt limit bill, which would reinstate student loan payments, is likely to have a positive impact on SoFi Technologies' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100