Dow Edges Higher; ABM Industries Posts Downbeat Earnings
Portfolio Pulse from Lisa Levin
U.S. stocks traded mostly lower with the Nasdaq Composite falling around 200 points. ABM Industries reported weaker-than-expected earnings for its third quarter, with adjusted EPS of $0.79 missing the consensus of $0.89. Sigma Additive Solutions, Wheeler Real Estate Investment Trust, and American Rebel Holdings saw their shares rise significantly. Palisade Bio, Sportsman's Warehouse Holdings, and Edible Garden AG saw their shares drop significantly.
September 07, 2023 | 4:00 pm
News sentiment analysis
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NEGATIVE IMPACT
ABM Industries reported weaker-than-expected Q3 earnings, missing EPS consensus.
ABM Industries reported weaker-than-expected earnings for its third quarter, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Edible Garden AG's shares fell after the company priced a $3.0 million underwritten public offering.
Edible Garden AG's shares fell after the company priced a $3.0 million underwritten public offering, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Palisade Bio's shares dropped after the company announced a $2 million registered direct offering.
Palisade Bio's shares dropped after the company announced a $2 million registered direct offering, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sportsman's Warehouse Holdings' shares were down after the company reported worse-than-expected second-quarter earnings.
Sportsman's Warehouse Holdings' shares were down after the company reported worse-than-expected second-quarter earnings, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
American Rebel Holdings' shares were up after the company's subsidiary Champion Safe has been bombarded with calls from safe dealers and customers looking for alternatives to safes made by Liberty Safe.
American Rebel Holdings' shares were up after the company's subsidiary Champion Safe has been bombarded with calls from safe dealers and customers looking for alternatives to safes made by Liberty Safe, which could positively impact investor sentiment and lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sigma Additive Solutions' shares shot up after the company announced plans to acquire NextTrip and sell assets of quality assurance software.
Sigma Additive Solutions announced plans to acquire NextTrip and sell assets of quality assurance software, which could positively impact investor sentiment and lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wheeler Real Estate Investment Trust's shares got a boost after the company posted two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete to redeem with redemption commencing in October 2023.
Wheeler Real Estate Investment Trust's shares got a boost after the company posted two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete to redeem with redemption commencing in October 2023, which could positively impact investor sentiment and lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100