Crude Oil Rises; Evolv Technologies Shares Spike Higher
Portfolio Pulse from Lisa Levin
US stocks traded mixed with the Dow up 0.32% and the NASDAQ down 0.48%. Energy shares jumped by 1.2% while IT shares fell by 1%. Spectrum Brands reported better-than-expected earnings but a sales decline of 10.1% YoY. Evolv Technologies, Telesat Corporation, and Rigetti Computing saw their shares rise after positive Q2 results. Yield10 Bioscience, Cano Health, and Maxeon Solar Technologies saw their shares drop after negative Q2 results.
August 11, 2023 | 6:32 pm
News sentiment analysis
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NEGATIVE IMPACT
Cano Health shares dropped after reporting worse-than-expected Q2 results, withdrawing guidance, and announcing a sale process.
The poor Q2 results, withdrawal of guidance, and announcement of a sale process are likely to negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Maxeon Solar Technologies shares dropped after reporting mixed Q2 results and issuing FY23 revenue guidance below estimates.
The mixed Q2 results and lower-than-expected revenue guidance are likely to negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Yield10 Bioscience shares dropped after announcing pricing of a $3.7 million public offering.
The announcement of the public offering is likely to negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Spectrum Brands reported better-than-expected earnings but a sales decline of 10.1% YoY.
While the company beat earnings expectations, the decline in sales could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evolv Technologies shares rose after reporting better-than-expected Q2 results and raising FY23 revenue guidance.
The positive Q2 results and raised revenue guidance are likely to positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Rigetti Computing shares rose after reporting a narrower-than-expected quarterly loss.
The narrower-than-expected loss is likely to positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Telesat Corporation shares rose after reporting Q2 results and a $2.1 billion deal with MDA.
The positive Q2 results and the large deal with MDA are likely to positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90