Dow Surges Over 300 Points; Kroger Profit Beats Views
Portfolio Pulse from Lisa Levin
US stocks traded higher with Dow Jones gaining over 300 points. Kroger reported better-than-expected Q1 earnings but missed sales estimates. Energy shares jumped by 1.4%, led by Patterson-UTI Energy and Tellurian Inc.

June 15, 2023 | 4:06 pm
News sentiment analysis
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NEUTRAL IMPACT
Kroger reported better-than-expected Q1 earnings but missed sales estimates, with sales growth of 1.3% YoY to $45.16 billion.
Kroger's mixed results, with better-than-expected earnings but missed sales estimates, may lead to a neutral short-term impact on its stock price as investors weigh the positives and negatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Patterson-UTI Energy's stock price rose 12% as energy shares jumped by 1.4% on Thursday.
The overall positive sentiment in the energy sector and the significant increase in Patterson-UTI Energy's stock price suggest a short-term positive impact on its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tellurian Inc.'s stock price increased by 7% as energy shares jumped by 1.4% on Thursday.
The overall positive sentiment in the energy sector and the increase in Tellurian Inc.'s stock price suggest a short-term positive impact on its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80