Crude Oil Falls 2%; Apple Posts Upbeat Earnings
Portfolio Pulse from Lisa Levin
US stocks traded higher with the S&P 500 gaining more than 1%. Apple Inc. reported stronger-than-expected Q4 earnings and sales results, despite iPhone revenue falling below expectations. Udemy Inc., Qurate Retail Inc., and Cooper-Standard Holdings Inc. saw shares rise following strong Q3 results. However, Fox Factory Holding Corp., BILL Holdings Inc., and Inseego Corp. saw shares drop after reporting disappointing Q3 results and forecasts.
November 03, 2023 | 6:55 pm
News sentiment analysis
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POSITIVE IMPACT
Apple reported stronger-than-expected Q4 earnings and sales, but iPhone revenue fell below expectations.
Apple's stronger-than-expected earnings and sales results are likely to boost investor confidence, despite the lower-than-expected iPhone revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cooper-Standard Holdings shares rose 41% following better-than-expected Q3 results.
Cooper-Standard Holdings' better-than-expected Q3 results are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Qurate Retail shares rose 57% following strong Q3 results.
Qurate Retail's strong Q3 results are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Udemy shares rose 37% following strong Q3 earnings.
Udemy's strong Q3 earnings results are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
BILL Holdings shares dropped 25% after reporting disappointing Q1 results and lowering its FY24 revenue outlook.
BILL Holdings' disappointing Q1 results and lowered FY24 revenue outlook are likely to dampen investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Fox Factory shares dropped 33% after reporting disappointing Q3 results and weak Q4 forecast.
Fox Factory's disappointing Q3 results and weak Q4 forecast are likely to dampen investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Inseego shares fell 31% after reporting worse-than-expected Q3 financial results.
Inseego's worse-than-expected Q3 results are likely to dampen investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100