Symbotic, New Relic, AMC Entertainment And Other Big Stocks Moving Higher On Monday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains on Monday, with Archer Aviation, GoodRx Holdings, Fifth Wall Acquisition Corp., Xiao-I Corporation, Symbotic, SoFi Technologies, Nikola Corporation, Innoviz Technologies, Aurora Acquisition Corp., Canoo, 2U, Faraday Future Intelligent Electric, New Relic, Palantir Technologies, AMC Entertainment Holdings, BlackBerry, and Roku all seeing significant increases. Notable events include Archer Aviation's contracts with the US Air Force, GoodRx's upgrade by TD Cowen, Symbotic and SoFi's better-than-expected results, Nikola's agreement with J.B. Hunt Transport, New Relic's acquisition by Francisco Partners and TPG, and AMC's record admissions revenue.
July 31, 2023 | 4:13 pm
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POSITIVE IMPACT
Archer Aviation rose 32.3% after entering into contracts with the US Air Force.
The contracts with the US Air Force are a significant business win for Archer Aviation, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AMC rose 7.3% after announcing record admissions revenue.
Record admissions revenue is a positive indicator for AMC, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GoodRx climbed 32% after TD Cowen upgraded the stock and raised its price target.
The upgrade and raised price target by TD Cowen likely boosted investor confidence in GoodRx, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
New Relic gained 13.4% after reporting better-than-expected Q1 results and announcing its acquisition by Francisco Partners and TPG.
Better-than-expected results and the announcement of an acquisition typically boost investor confidence and lead to a rise in stock price, as seen with New Relic.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nikola gained 17.1% after announcing an agreement with J.B. Hunt Transport.
The agreement with J.B. Hunt Transport is a significant business win for Nikola, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SoFi surged 18% after reporting better-than-expected Q2 results and raising its future revenue guidance.
Better-than-expected results and raised future revenue guidance are positive indicators for SoFi, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Symbotic gained 24% after reporting better-than-expected Q3 results.
Better-than-expected results typically boost investor confidence and lead to a rise in stock price, as seen with Symbotic.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100