Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)
Portfolio Pulse from Lekha Gupta
Last week saw significant declines in the stock prices of 10 large-cap companies, with EPAM Systems leading the losses at 24.6% due to a reduction in FY24 revenue guidance. Other notable declines included Shopify, Roblox Corporation, and Builders FirstSource, each suffering from negative earnings reports or weak guidance. Analysts have responded by trimming price targets on these stocks.
May 12, 2024 | 5:29 pm
News sentiment analysis
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NEGATIVE IMPACT
Airbnb's stock decreased 9.3% after Q1 financial results, with many analysts revising the price target.
Airbnb's post-Q1 financial results led to a stock price decrease, likely due to investor disappointment and analysts' negative revisions on price targets.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Astera Labs' stock fell 13% following its Q1 financial results announcement.
The 13% decline in Astera Labs' stock price post-Q1 results suggests investor disappointment, potentially impacting short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Builders FirstSource saw a 15.7% decline in stock price following Q1 earnings, with some analysts cutting the price target.
The decline in Builders FirstSource's stock price post-Q1 earnings reflects investor disappointment, exacerbated by analysts' reduced price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Walt Disney Company's stock is down 7.3% following a Q2 revenue miss, with several analysts cutting the price target.
The Q2 revenue miss by Walt Disney Company has led to a decrease in stock price, with analysts' reduced price targets indicating a bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
EPAM Systems' stock plummeted 24.6% after lowering its FY24 revenue guidance, leading to several analysts trimming the price target.
A significant downward revision in revenue guidance usually leads to a loss of investor confidence and a decrease in stock price. Analysts' reduced price targets further validate the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Palantir Technologies' shares dropped 15.5% after issuing soft revenue guidance, with many analysts revising price targets.
Soft revenue guidance from Palantir Technologies indicates potential challenges ahead, leading to a decrease in stock price as analysts revise price targets downward.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Roblox Corporation's stock dropped 20.5% after issuing weak guidance, with several analysts cutting the price target.
Weak guidance from Roblox Corporation signals potential future underperformance, prompting analysts to lower price targets and likely contributing to the stock's short-term decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Shopify's shares fell 24.4% following its Q1 FY24 earnings report, with many analysts revising price targets downward.
Poor Q1 FY24 earnings led to a sharp decline in Shopify's stock price. Analysts revising price targets downward indicates a bearish outlook, likely influencing short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Suzano S.A.'s stock declined 13.98% following a report on its offer to acquire International Paper and weak Q1 FY24 results.
The dual impact of acquisition news and weak Q1 FY24 results likely led to negative investor sentiment, driving Suzano S.A.'s stock price down.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Telefonica Brasil's shares fell 11.8% after Q1 financial results, with analysts trimming the price target.
The decline in Telefonica Brasil's stock price following Q1 results and analysts' price target adjustments reflects negative market reaction to the financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100