Crude Oil Rises Over 1%; Schlumberger Posts Downbeat Sales
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Nasdaq Composite gaining around 20 points. Schlumberger N.V. reported a 19.6% YoY increase in Q2 FY23 revenue to $8.10 billion, missing the consensus of $8.22 billion. Digital World Acquisition Corp. shares rose 56% after reaching a settlement with the SEC. ServisFirst Bancshares shares rose 14% following upbeat Q2 results. Bitcoin Depot Inc. shares gained 13% after reporting Q2 preliminary revenues and 2023 guidance. The Interpublic Group of Companies shares dropped 11% after reporting Q2 financial results. RedHill Biopharma shares were down 21% after announcing a registered direct offering. Sirius XM Holdings was down 14% after multiple firms downgraded their rating on the stock.
July 21, 2023 | 4:01 pm
News sentiment analysis
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POSITIVE IMPACT
Bitcoin Depot Inc. shares gained 13% after reporting Q2 preliminary revenues and 2023 guidance.
Bitcoin Depot Inc. reported positive Q2 preliminary revenues and provided 2023 guidance, which is likely to boost investor confidence and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Digital World Acquisition Corp. shares rose 56% after reaching a settlement with the SEC.
The settlement with the SEC removes a significant risk for Digital World Acquisition Corp., which is likely to boost investor confidence and the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ServisFirst Bancshares shares rose 14% following upbeat Q2 results.
ServisFirst Bancshares reported positive Q2 results, which is likely to boost investor confidence and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Interpublic Group of Companies shares dropped 11% after reporting Q2 financial results.
The Interpublic Group of Companies reported Q2 financial results, which may have disappointed investors, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of RedHill Biopharma were down 21% after the company announced a registered direct offering.
RedHill Biopharma announced a registered direct offering, which could dilute existing shareholders' equity, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sirius XM Holdings was down 14% after multiple firms downgraded their rating on the stock.
Multiple firms downgraded their rating on Sirius XM Holdings, which is likely to negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Schlumberger N.V. reported a 19.6% YoY increase in Q2 FY23 revenue to $8.10 billion, missing the consensus of $8.22 billion.
Schlumberger's revenue missed the consensus, which could negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100