Dow Drops Over 100 Points; Winnebago Industries Posts Downbeat Sales
Portfolio Pulse from Lisa Levin
US stocks traded lower with Dow Jones dropping over 100 points. Winnebago Industries reported better-than-expected Q3 earnings but missed sales estimates. Consumer discretionary shares rose 0.7%, while energy shares dipped by 2.4%.
June 21, 2023 | 1:42 pm
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NEUTRAL IMPACT
Winnebago Industries reported better-than-expected Q3 earnings of $2.13 per share but missed sales estimates with $900.80 million.
Winnebago's mixed earnings report, with better-than-expected earnings but lower sales, may result in a neutral short-term impact on its stock price. Investors may weigh the positive earnings against the missed sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Codere Online Luxembourg's shares rose 7% as consumer discretionary shares gained 0.7%.
As consumer discretionary shares rose 0.7%, Codere Online Luxembourg's stock price increased by 7%. The positive performance of the sector may have a short-term positive impact on CDRO's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cooper-Standard Holdings shares rose 12% as consumer discretionary shares gained 0.7%.
As consumer discretionary shares rose 0.7%, Cooper-Standard Holdings' stock price increased by 12%. The positive performance of the sector may have a short-term positive impact on CPS's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80