Dow Rises Over 100 Points; Goldman Sachs Earnings Miss Estimates
Portfolio Pulse from Lisa Levin
US stocks traded higher with the Dow Jones gaining over 100 points. Goldman Sachs reported weaker-than-expected Q2 earnings with a 60% Y/Y plunge in EPS. SMX shares rose 39% after receiving a notice of allowance for its US patent application. Panbela Therapeutics shares rose 37% after divesting certain assets for $9.5 million. Carvana shares rose 28% after reporting better-than-expected Q2 sales. Sono Group shares dropped 33% after receiving a notice of delisting from Nasdaq. Amarin Corporation shares were down 22% after initiating an organizational restructuring program. Aqua Metals shares fell 22% after pricing a $17.4 million public offering.
July 19, 2023 | 1:58 pm
News sentiment analysis
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NEGATIVE IMPACT
Amarin Corporation shares were down 22% after initiating an organizational restructuring program.
The initiation of an organizational restructuring program could negatively impact Amarin's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Aqua Metals shares fell 22% after pricing a $17.4 million public offering.
The pricing of a $17.4 million public offering could negatively impact Aqua Metals' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs reported weaker-than-expected Q2 earnings with a 60% Y/Y plunge in EPS.
Goldman Sachs' weaker-than-expected earnings report could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sono Group shares dropped 33% after receiving a notice of delisting from Nasdaq.
The notice of delisting from Nasdaq could negatively impact Sono Group's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Carvana shares rose 28% after reporting better-than-expected Q2 sales.
The better-than-expected Q2 sales report could positively impact Carvana's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Panbela Therapeutics shares rose 37% after divesting certain assets for $9.5 million.
The divestment of certain assets could positively impact Panbela's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SMX shares rose 39% after receiving a notice of allowance for its US patent application.
The notice of allowance for its US patent application could positively impact SMX's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100