Walmart, StoneCo, Cisco, Wolfspeed, Tesla: Why These 5 Stocks Are Drawing Investor Attention Today
Portfolio Pulse from Benzinga Neuro
US stocks ended Wednesday in the red with the Nasdaq Composite and the S&P 500 experiencing a dip. Walmart, StoneCo, Cisco, Wolfspeed, and Tesla were the top stocks that gained the attention of retail traders and investors. Walmart is set to unveil its Q2 earnings on August 17. StoneCo reported a net revenue of BRL 3 billion, marking a 28% YoY increase. Cisco's shares soared in the post-market trading following the company’s impressive Q4 earnings report. Wolfspeed’s shares took a hit in the after-hours trading due to mixed Q4 financial results and Q1 EPS guidance below market expectations. Tesla’s shares faced a sharp decline following aggressive price cuts for its Model S and X vehicles in China.
August 17, 2023 | 2:27 am
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POSITIVE IMPACT
Cisco's shares soared in the post-market trading following the company’s impressive Q4 earnings report. The stock declined by 0.73% to close at $52.96.
Cisco's impressive Q4 earnings report could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walmart is set to unveil its Q2 earnings on August 17. The stock closed with a 0.05% increase at $159.26.
The anticipation of Walmart's Q2 earnings report could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
StoneCo reported a net revenue of BRL 3 billion, marking a 28% YoY increase. The stock declined by 2.06% to close at $13.34.
Despite the positive earnings report, the stock price declined, possibly due to market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla’s shares faced a sharp decline following aggressive price cuts for its Model S and X vehicles in China. The stock decreased by 3.16% to close at $225.6.
Tesla's aggressive price cuts in China could signal a potential demand slowdown, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wolfspeed’s shares took a hit in the after-hours trading due to mixed Q4 financial results and Q1 EPS guidance below market expectations. The stock dipped by 2.31% to settle at $53.17.
Wolfspeed's mixed Q4 results and below expectation Q1 EPS guidance could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100