CSX, Intuitive Surgical, Knight-Swift Transportation And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks are recording losses in today's pre-market trading session. Sirius XM Holdings Inc. shares dipped 9.8% after being downgraded by Pivotal Research and Evercore ISI Group. Enovix Corporation shares fell 6.2% after TD Cowen downgraded the stock. Knight-Swift Transportation Holdings Inc. shares declined 5.3% after reporting worse-than-expected Q2 earnings results and cutting 2023 EPS outlook. CSX Corporation shares fell 5% after reporting in-line earnings for Q2, but sales missed expectations. Intuitive Surgical, Inc. shares declined 4.8% despite reporting better-than-expected Q2 earnings. Alta Equipment Group Inc. shares fell 4% after reporting preliminary Q2 results and announcing a public offering of 2 million shares. Novonix Limited shares declined 3%. Blackstone Inc. shares fell 2.1% after reporting worse-than-expected Q2 sales results.
July 21, 2023 | 10:26 am
News sentiment analysis
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NEGATIVE IMPACT
Alta Equipment Group shares fell 4% after reporting preliminary Q2 results and announcing a public offering of 2 million shares.
The preliminary Q2 results and the announcement of a public offering of 2 million shares are likely to negatively impact the stock price of Alta Equipment Group in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Blackstone Inc. shares fell 2.1% after reporting worse-than-expected Q2 sales results.
The worse-than-expected Q2 sales results are likely to negatively impact the stock price of Blackstone Inc. in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CSX Corporation shares fell 5% after reporting in-line earnings for Q2, but sales missed expectations.
The in-line earnings for Q2 and the missed sales expectations are likely to negatively impact the stock price of CSX Corporation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Enovix Corporation shares fell 6.2% after TD Cowen downgraded the stock.
The downgrade by TD Cowen is likely to negatively impact the stock price of Enovix Corporation in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Intuitive Surgical shares declined 4.8% despite reporting better-than-expected Q2 earnings.
Despite the better-than-expected Q2 earnings, other market factors are likely causing the decline in the stock price of Intuitive Surgical in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Knight-Swift Transportation shares declined 5.3% after reporting worse-than-expected Q2 earnings results and cutting 2023 EPS outlook.
The worse-than-expected Q2 earnings results and the cut in 2023 EPS outlook are likely to negatively impact the stock price of Knight-Swift Transportation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Novonix Limited shares declined 3% in pre-market trading.
The news does not provide a specific reason for the decline in Novonix Limited's stock price, but it is likely due to market factors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Sirius XM shares dipped 9.8% after being downgraded by Pivotal Research and Evercore ISI Group.
The downgrades by Pivotal Research and Evercore ISI Group are likely to negatively impact the stock price of Sirius XM in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100