Cisco, Children's Place, LSI Industries And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Lisa Levin
Several US stocks traded higher on Thursday, with LSI Industries, Super Group, Gambling.com Group, The Children's Place, Avnet, Chegg, Triumph Group, Precigen, Chesapeake Energy, and Cisco Systems recording significant gains. The increases were largely driven by better-than-expected quarterly results, raised FY23 guidance, increased share buybacks, and raised price targets.
August 17, 2023 | 2:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Avnet's stock surged 9.6% following strong quarterly results.
The company's strong quarterly results have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chegg's stock rose 8.3% after the company boosted its share buyback by $200 million.
The company's decision to boost its share buyback has positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chesapeake Energy's stock gained 6% after UBS maintained a Buy rating and raised the price target from $102 to $106.
UBS's decision to maintain a Buy rating and raise the price target has positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cisco Systems' stock gained 4.6% after the company reported better-than-expected financial results and several analysts lifted price targets.
The company's better-than-expected financial results and lifted price targets by analysts have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gambling.com Group's stock climbed 14.3% as the company posted upbeat Q2 results and raised FY23 guidance.
The company's upbeat Q2 results and raised FY23 guidance have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LSI Industries' stock jumped 21.8% following better-than-expected Q4 results.
The company's better-than-expected Q4 results have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Precigen's stock jumped 7%.
The article does not provide specific reasons for the stock's gain, but it is likely due to overall market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
The Children's Place's stock surged 9.4% after reporting a Q2 FY23 sales decline of 9.3% YoY to $345.59 million, beating the analyst consensus.
Despite a sales decline, the company's better-than-expected results have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Super Group's stock surged 18.7% following strong quarterly results.
The company's strong quarterly results have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Triumph Group's stock gained 8.1%.
The article does not provide specific reasons for the stock's gain, but it is likely due to overall market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100