Crude Oil Moves Higher; Walmart Raises Guidance
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Nasdaq Composite falling around 50 points. Energy shares rose by 2.2% while consumer discretionary shares fell by 0.5%. Walmart reported better-than-expected Q2 earnings and raised FY24 outlook. PhenomeX, LSI Industries, and Advanced Health Intelligence saw their shares rise after positive news. Creative Realities, EMCORE Corporation, and Tremor International saw their shares drop after negative news. Oil traded up 1.6% to $80.64.
August 17, 2023 | 4:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Creative Realities shares dropped after the company reported pricing of $6 million public offering.
The pricing of the public offering may dilute existing shares, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
EMCORE Corporation shares were down after the company reported pricing of $15.8 million public offering.
The pricing of the public offering may dilute existing shares, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tremor International shares were down after the company reported financial and operating results.
The financial and operating results may have been below investor expectations, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Advanced Health Intelligence shares were up after the company obtained overseas R&D reimbursement.
The overseas R&D reimbursement is a positive development for Advanced Health Intelligence, which is likely to increase investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PhenomeX shares shot up after the company announced a $108 million definitive agreement to be acquired by Bruker.
The acquisition agreement with Bruker is a positive development for PhenomeX, which is likely to increase investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LSI Industries shares got a boost following better-than-expected Q4 results.
LSI Industries' better-than-expected Q4 results indicate strong performance, which is likely to boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walmart reported better-than-expected Q2 earnings and raised FY24 outlook.
Walmart's better-than-expected earnings and raised outlook indicate strong performance and positive future expectations, which is likely to boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100