Salesforce And Celsius Were Among The 10 Biggest Large Cap Losers Last Week: Are These In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the ten large-cap stocks that were the worst performers last week, including MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius Holdings, Agilent Technologies, Snowflake, ServiceNow, and Hormel Foods. The declines were driven by weak guidance, earnings results, tax hikes, and other factors.
June 02, 2024 | 3:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Agilent Technologies shares declined 13.36% following mixed Q2 earnings and weak guidance, leading analysts to lower price targets.
Mixed earnings and weak guidance typically lead to a negative short-term impact on stock prices.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Celsius Holdings shares dived 13.44% after Nielsen data showed a slowdown in sales growth.
A slowdown in sales growth is likely to negatively impact investor sentiment, leading to a short-term decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Salesforce shares plummeted 13.94% after issuing weak guidance for the second quarter, leading analysts to slash price targets.
Weak guidance and reduced price targets typically lead to a negative short-term impact on stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
DraftKings shares decreased 14.82% after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.
The tax hike on sports betting is likely to negatively impact DraftKings' profitability, leading to a short-term decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Hormel Foods shares were down 11.33% following Q2 earnings.
The decline in stock price following Q2 earnings suggests negative market sentiment, likely leading to a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Samsara shares declined 13.77% last week.
The decline in Samsara's stock price suggests negative market sentiment, likely leading to a short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
MongoDB shares fell 31.63% due to weak Q2 and FY25 guidance, leading analysts to slash price targets.
Weak guidance and reduced price targets typically lead to a negative short-term impact on stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ServiceNow shares declined 12.04%, possibly due to pin action from Salesforce’s weak guidance.
Negative sentiment from Salesforce's weak guidance is likely to impact ServiceNow's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nutanix shares dropped 22.56% following Q3 FY24 results, despite several analysts boosting their forecasts.
Despite positive analyst forecasts, the market reacted negatively to the Q3 results, indicating a short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Snowflake stock lost 12.40% amid a report suggesting a breach and pin action from Salesforce’s weak guidance.
Security concerns and negative sentiment from Salesforce's weak guidance are likely to lead to a short-term decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100