Crude Oil Moves Higher; UPS Cuts FY23 Guidance
Portfolio Pulse from Lisa Levin
United Parcel Service (UPS) reported a Q2 FY23 revenue decline of 10.9% YoY to $22.055 billion, missing the consensus of $23.11 billion. Adjusted EPS was $2.54, beating the consensus of $2.50. For FY23, UPS now expects consolidated revenue to be about $93 billion, down from the prior $97 billion. Other stocks mentioned include Nuburu (BURU), Paymentus Holdings (PAY), Bright Minds Biosciences (DRUG), Proterra (PTRA), SeaChange International (SEAC), and Datasea (DTSS).
August 08, 2023 | 6:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Datasea's shares fell after the company announced it entered into two separate subscription agreements to sell an aggregate of 4.8 million shares.
Datasea's announcement of subscription agreements to sell shares could negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Proterra's shares dropped after the company announced it filed for Chapter 11 bankruptcy.
Proterra's bankruptcy filing could negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SeaChange International's shares were down after the company announced voluntary SEC deregistration and Nasdaq delisting.
SeaChange International's SEC deregistration and Nasdaq delisting could negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
UPS reported a Q2 FY23 revenue decline and cut its FY23 guidance.
UPS's lower than expected Q2 revenue and reduced FY23 guidance could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nuburu's shares shot up after announcing a contract with NASA.
Nuburu's contract with NASA could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bright Minds Biosciences' shares were up after the company disclosed data for BMB-101.
Bright Minds Biosciences' positive data disclosure for BMB-101 could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paymentus Holdings' shares got a boost after reporting better-than-expected Q2 results.
Paymentus's better than expected Q2 results could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80