Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Calix, Inc. (CALX) issued a Q1 forecast with adjusted EPS and revenue below estimates, causing its shares to fall 25.4% in pre-market trading. Other stocks also experienced pre-market losses, including Nyxoah S.A. (NYXH), Borr Drilling Limited (BORR), PDD Holdings Inc. (PDD), MINISO Group Holding Limited (MNSO), Valaris Limited (VAL), BrightSpring Health Services, Inc. (BTSG), J-Long Group Limited (JL), and Diageo plc (DEO).
January 30, 2024 | 10:10 am
News sentiment analysis
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NEGATIVE IMPACT
Borr Drilling Limited shares fell 8.9% in pre-market trading.
The pre-market decline suggests negative investor sentiment, potentially leading to a short-term drop in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
BrightSpring Health Services, Inc. shares declined 4.3% in pre-market trading after a 4% fall on Monday.
The stock's pre-market drop after a previous day's decline could indicate a continuation of negative sentiment and price movement.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Calix, Inc. provided lower than expected Q1 guidance for adjusted EPS and revenue, leading to a significant pre-market stock price drop.
The negative guidance directly impacts investor sentiment and expectations, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Diageo plc shares fell 3.2% in pre-market trading due to a reported decline in profit for the first half of fiscal 2024.
The reported decline in profit is a significant factor for investors, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
J-Long Group Limited shares declined 4.1% in pre-market trading after a 13% gain on Monday.
The stock's pre-market decline may be a correction following the previous day's significant gain, indicating potential short-term selling pressure.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
MINISO Group Holding Limited shares declined 4.6% in pre-market trading after a 10% drop on Monday.
The continuation of losses from the previous day suggests negative momentum that could persist in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nyxoah S.A. shares dropped 22.4% in pre-market trading after a 31% surge on Monday.
The sharp pre-market decline follows a significant previous day's gain, indicating high volatility and potential short-term selling pressure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
PDD Holdings Inc. shares slipped 4.8% in pre-market trading after an 8% drop on Monday.
The continued decline in pre-market trading indicates bearish sentiment and could lead to further short-term price decreases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Valaris Limited shares fell 4.6% in pre-market trading.
The pre-market decline may reflect short-term bearish sentiment among investors, potentially leading to a price drop.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60