Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (April 21-27, 2024)
Portfolio Pulse from Lekha Gupta
Last week, ten large-cap stocks including LKQ, MSCI, Textron, New Oriental Education, Bristol-Myers Squibb, Manhattan Associates, Reliance, Meta Platforms, Southwest Airlines, and Nucor reported significant declines due to various factors such as earnings misses, reduced outlooks, and analyst downgrades.
April 28, 2024 | 10:27 pm
News sentiment analysis
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NEGATIVE IMPACT
Bristol-Myers Squibb stock dropped 9.0% after Q1 earnings and a significant 2024 EPS guidance cut.
Earnings misses and guidance cuts are strong indicators of potential future underperformance, leading to stock declines.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
New Oriental Education & Technology Group's shares declined 9.4% after a Q3 EPS miss.
Earnings misses typically result in negative stock price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
LKQ Corporation stock fell 12.3% after missing Q1 earnings and cutting its FY24 outlook.
Earnings misses and reduced future outlooks typically lead to negative investor sentiment and stock price declines.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Southwest Airlines stock declined 8.3% following worse-than-expected Q1 financial results and analyst price target cuts.
Poor financial results and negative analyst actions typically lead to stock price declines.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Manhattan Associates stock fell 8.8%, but specific reasons beyond market trends were not provided.
Without specific negative news, broader market sentiment or sector trends could be influencing the stock's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Meta Platforms shares dropped 8.4% after a weaker-than-expected revenue outlook and analyst price target cuts.
A weaker revenue outlook and analyst downgrades are significant factors leading to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
MSCI Inc. shares dropped 9.8% following mixed Q1 results and analyst forecast cuts.
Mixed financial results and subsequent analyst downgrades can lead to decreased stock prices.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Nucor Corporation's stock fell 8.2% after reporting worse-than-expected quarterly results and analyst price target adjustments.
Negative financial performance and analyst price target adjustments are direct causes for the stock's decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Reliance, Inc. shares fell 8.6% after reporting worse-than-expected Q1 financial results.
Disappointing financial results are a direct cause of stock price decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Textron Inc. shares fell 9.5% due to worse-than-expected Q1 financial results.
Poor financial performance is a direct driver of stock price decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85