Crude Oil Down 1%; Wholesale Inventories Unchanged For May
Portfolio Pulse from Lisa Levin
US stocks traded mostly higher with the Dow up 0.42% and the S&P 500 up 0.05%, while the NASDAQ fell 0.14%. Wholesale inventories in the US remained unchanged in May. Mobilicom Limited (NASDAQ:MOB) shares rose 81% after receiving a commercial scale purchase order from Teledyne-FLIR for drone production. Jupiter Wellness, Inc. (NASDAQ:JUPW) shares rose 38% after executing an Asset Purchase Agreement with GBB Drink Lab. Nanobiotix S.A. (NASDAQ:NBTX) shares rose 41% after entering into a license agreement with Janssen Pharmaceutical. Tivic Health Systems, Inc. (NASDAQ:TIVC) shares dropped 40% after pricing public offering of shares. The Aaron's Company, Inc. (NYSE:AAN) shares fell 12% after a downgrade from Loop Capital. FMC Corporation (NYSE:FMC) shares fell 10% after cutting its Q2 and 2023 guidance.
July 10, 2023 | 4:58 pm
News sentiment analysis
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NEGATIVE IMPACT
The Aaron's Company shares fell 12% after a downgrade from Loop Capital.
The downgrade from Loop Capital is a negative development for The Aaron's Company, likely to impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FMC Corporation shares fell 10% after cutting its Q2 and 2023 guidance.
The cut in Q2 and 2023 guidance is a negative development for FMC Corporation, likely to impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tivic Health Systems shares dropped 40% after pricing public offering of shares.
The pricing of the public offering of shares is a negative development for Tivic Health Systems, likely to dilute existing shareholders' equity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jupiter Wellness shares rose 38% after executing an Asset Purchase Agreement with GBB Drink Lab.
The asset purchase agreement with GBB Drink Lab is a positive development for Jupiter Wellness, potentially expanding its product portfolio and market reach.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mobilicom shares rose 81% after receiving a commercial scale purchase order for drone production.
The commercial scale purchase order for drone production is a significant positive development for Mobilicom, likely to boost its revenues and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nanobiotix shares rose 41% after entering into a license agreement with Janssen Pharmaceutical.
The license agreement with Janssen Pharmaceutical is a significant positive development for Nanobiotix, likely to boost its revenues and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100