Crude Oil Rises Over 1%; United Natural Foods Posts Downbeat Results
Portfolio Pulse from Lisa Levin
Crude oil prices rose over 1% while United Natural Foods posted downbeat Q3 results, missing consensus estimates. Energy shares jumped by 2.7%, with Nine Energy Service and Nabors Industries up 8%. United Natural Foods lowered its FY23 profitability outlook.
June 07, 2023 | 6:53 pm
News sentiment analysis
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NEGATIVE IMPACT
United Natural Foods reported downbeat Q3 results, missing consensus estimates, and lowered its FY23 profitability outlook.
United Natural Foods reported lower than expected Q3 results and lowered its FY23 profitability outlook, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Nabors Industries' stock price increased by 8% as energy shares jumped by 2.7%.
As energy shares jumped by 2.7%, Nabors Industries' stock price increased by 8%, indicating a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Nine Energy Service's stock price increased by 8% as energy shares jumped by 2.7%.
As energy shares jumped by 2.7%, Nine Energy Service's stock price increased by 8%, indicating a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100