US Stocks Sink; Deere Shares Fall Despite Earnings Beat
Portfolio Pulse from Lisa Levin
US stocks traded down with the Nasdaq Composite falling more than 101 points. Deere & Company reported better than expected Q3 results and raised its fiscal 2023 guidance, but its stock declined 3.9% due to concerns over the end of the agricultural equipment demand boom. Other stocks mentioned include Nautilus Biotechnology, Meta Data Ltd, Hawaiian Electric Industries, TriSalus Life Sciences, Jiayin Group, and TMC The Metals Company.
August 18, 2023 | 3:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shares of Meta Data Ltd rose by 3.34%.
Shares of Meta Data Ltd rose, indicating a positive short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Hawaiian Electric Industries' stock spiked 2.87% after the company said its goal is not to restructure.
Hawaiian Electric Industries' stock spiked after the company said its goal is not to restructure, indicating a positive short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nautilus Biotechnology's shares climbed 3.49% amid big moves in healthcare stocks.
Nautilus Biotechnology's shares climbed amid big moves in healthcare stocks, indicating a positive short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Deere & Company reported better than expected Q3 results and raised its fiscal 2023 guidance, but its stock declined 3.9% due to concerns over the end of the agricultural equipment demand boom.
Despite beating Q3 expectations and raising its fiscal 2023 guidance, Deere's stock fell due to investor concerns about the end of the agricultural equipment demand boom. This suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jiayin Group's stock slid 1.87%. The company had reported its second-quarter results last week.
Jiayin Group's stock slid after the company reported its Q2 results last week, indicating a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
TriSalus Life Sciences' shares fell 4.74% with Wall Street stocks losing steam on concerns over further interest rate hikes by the Federal Reserve.
TriSalus Life Sciences' shares fell amid concerns over further interest rate hikes by the Federal Reserve, indicating a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Shares of TMC The Metals Company declined by 1.65%.
Shares of TMC The Metals Company declined, indicating a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60