Tesla, C3.ai, Salesforce, Crowdstrike, Okta: Why These 5 Stocks Are Drawing Investor Attention Today
Portfolio Pulse from Bhavik Nair
US markets closed in the red on Wednesday due to strong labor data sparking concerns about further rate hikes by the Federal Reserve. Tesla, C3.ai, Salesforce, Crowdstrike, and Okta stocks drew investor attention due to various factors such as product updates, earnings reports, and stock repurchases.
June 01, 2023 | 1:29 am
News sentiment analysis
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NEGATIVE IMPACT
C3.ai shares closed 8.96% lower and lost another 22.22% in extended trading after announcing Q4 revenue of $72.4 million and a lower-than-expected revenue guidance for Q1.
C3.ai's stock price is likely to go down in the short term due to the disappointing Q4 revenue and lower-than-expected Q1 guidance, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Crowdstrike shares closed 0.97% higher but lost 11.7% in extended trading after reporting Q1 revenue of $692.58 million and a slower year-over-year revenue growth of 42%.
Crowdstrike's stock price is likely to go down in the short term due to the slower year-over-year revenue growth and the 11.7% loss in extended trading, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Okta shares closed 0.88% higher but lost 16.19% in extended trading after reporting Q1 total revenue of $518 million and a GAAP operating loss of $160 million.
Okta's stock price is likely to go down in the short term due to the GAAP operating loss and the 16.19% loss in extended trading, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Salesforce shares closed 2.06% higher but lost 5.79% in extended trading after reporting Q1 revenue of $8.25 billion and repurchasing $2.1 billion of its stock.
Salesforce's stock price may remain neutral in the short term as the positive Q1 revenue report and stock repurchase could be offset by the 5.79% loss in extended trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla shares closed 1.38% higher on Wednesday as the company plans to give an early glimpse of its revamped Model 3 sedan during Elon Musk's visit to the Shanghai factory.
Tesla's stock price is likely to go up in the short term due to the anticipation of the revamped Model 3 sedan and Elon Musk's visit to the Shanghai factory, which could generate positive media coverage and investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100