Nokia, Ericsson And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks including Theseus Pharmaceuticals, Leslie's, Nokia, Ericsson, Lilium, D-Wave Quantum, and Trip.com Group recorded losses in pre-market trading. Theseus Pharmaceuticals announced plans to discontinue a Phase 1/2 study, causing its shares to tumble. Leslie's released preliminary results for its fiscal third quarter and announced a CFO transition, leading to a dip in its shares. Nokia reduced its net sales guidance and narrowed its operating margin outlook for 2023, causing its shares to tumble. Ericsson posted a loss for the second quarter, leading to a decline in its shares. Lilium reported the launch of a public offering of Class A ordinary shares and concurrent private placement offering, causing its shares to fall. D-Wave Quantum's shares declined after surging over 33% on Thursday. Trip.com Group's shares fell despite Benchmark reiterating it with a Buy and maintaining a $55 price target.
July 14, 2023 | 10:55 am
News sentiment analysis
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NEGATIVE IMPACT
Ericsson shares declined after the company posted a loss for the second quarter.
Posting a loss for a quarter can decrease investor confidence and potentially lead to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Leslie's shares dipped after the company released preliminary results for its fiscal third quarter and announced a CFO transition.
Lower than expected earnings and a CFO transition can create uncertainty among investors, potentially leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Lilium shares fell after the company reported the launch of a public offering of Class A ordinary shares and concurrent private placement offering.
The launch of a public offering can dilute existing shares, potentially leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nokia shares tumbled after the company reduced its net sales guidance and narrowed its operating margin outlook for 2023.
Reduced sales guidance and a narrower operating margin outlook can lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
D-Wave Quantum's shares declined after surging over 33% on Thursday.
After a significant surge, a correction or profit-taking can often occur, leading to a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Trip.com Group's shares fell despite Benchmark reiterating it with a Buy and maintaining a $55 price target.
Despite positive analyst ratings, other market factors can still lead to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Theseus Pharmaceuticals shares tumbled after the company announced plans to discontinue a Phase 1/2 study.
The discontinuation of a study is usually seen as a negative sign, leading to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100