Crude Oil Down 1%; Disney Profit Tops Expectations
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. The Walt Disney Company (NYSE:DIS) reported better-than-expected earnings for its third quarter, while sales missed expectations. Edible Garden AG Incorporated (NASDAQ:EDBL), Capri Holdings Limited (NYSE:CPRI), and Holley Inc. (NYSE:HLLY) reported positive financial results. Galera Therapeutics, Inc. (NASDAQ:GRTX), Amyris, Inc. (NASDAQ:AMRS), and Origin Materials, Inc. (NASDAQ:ORGN) faced negative developments.
August 10, 2023 | 4:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Amyris, Inc. shares were down after the company announced it filed for Chapter 11 bankruptcy.
Bankruptcy news generally leads to a negative impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Galera Therapeutics, Inc. shares dropped after the company announced it received a Complete Response Letter from the FDA for avasopasem manganese.
Negative regulatory news generally leads to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Origin Materials, Inc. was down after the company reported mixed second-quarter financial results.
Mixed financial results generally lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Capri Holdings Limited got a boost after Tapestry announced a definitive agreement to acquire the company.
Acquisition news generally leads to a positive impact on the stock price of the company being acquired.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Disney reported better-than-expected earnings for its third quarter, while sales missed expectations.
Positive earnings generally lead to a positive impact on the stock price, although the missed sales expectations might temper this somewhat.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Edible Garden AG Incorporated reported better-than-expected second-quarter financial results.
Positive financial results generally lead to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Holley Inc. posted upbeat second-quarter results and raised FY23 revenue outlook.
Positive financial results and raised outlook generally lead to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70