Dow Falls Over 100 Points After PCE Data; Deckers Outdoor Shares Jump
Portfolio Pulse from Lisa Levin
The Dow Jones index fell by over 100 points while the NASDAQ and S&P 500 rose. Consumer discretionary shares rose by 2.6% and energy shares dipped by 2.4%. Core PCE prices in the U.S. rose by 0.3% from the prior month in September. NerdWallet, Customers Bancorp, and Deckers Outdoor Corporation shares rose following strong quarterly results. Siyata Mobile, Betterware de México, and Barnes Group shares fell due to various reasons.
October 27, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Customers Bancorp shares rose 13% after the company posted stronger-than-expected quarterly results.
Customers Bancorp's stronger-than-expected quarterly results have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deckers Outdoor Corporation shares rose 19% after the company reported better-than-expected second-quarter sales results and raised FY24 EPS and net sales guidance above estimates.
Deckers Outdoor's better-than-expected Q2 sales and raised FY24 guidance have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NerdWallet shares rose 36% following strong quarterly results.
NerdWallet's strong quarterly results have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Barnes Group shares fell 30% as the company posted downbeat third-quarter earnings and lowered FY23 outlook.
Barnes Group's downbeat Q3 earnings and lowered FY23 outlook have negatively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Betterware de México shares were down 21% as the company announced third-quarter results.
Betterware de México's Q3 results announcement has negatively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Siyata Mobile shares dropped 49% as the company reported pricing of $1.6 million public offering of common shares.
Siyata Mobile's pricing of $1.6 million public offering of common shares has negatively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90