Intel Reports Weak Results, Joins Amazon, Opendoor Technologies And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Intel, Amazon, Opendoor Technologies, and other major stocks experienced significant declines in pre-market trading following weak financial results and guidance. Intel's earnings and sales missed estimates, leading to a 21.5% drop in its share price.
August 02, 2024 | 10:01 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon's mixed Q2 results led to an 8.4% decline in pre-market trading.
Amazon's mixed results have disappointed investors, leading to a notable decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
ASML Holding shares fell 6.2% in pre-market trading.
The decline in ASML's stock price may be influenced by broader market trends and investor sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
CenterPoint Energy shares declined 6.2% in pre-market trading after a downgrade by BMO Capital.
The downgrade by BMO Capital has negatively impacted CenterPoint Energy's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Intel reported weak Q2 earnings and sales, missing analyst estimates. The stock fell 21.5% in pre-market trading.
Intel's significant miss on both earnings and sales, combined with a large year-over-year decrease in earnings, has led to a sharp decline in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Lexicon Pharmaceuticals posted weak Q2 results, leading to a 10.9% drop in pre-market trading.
Lexicon's poor financial performance has led to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Mitsubishi UFJ Financial Group shares declined 8.5% in pre-market trading.
The decline in MUFG's stock price may be influenced by broader market trends and investor sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Opendoor Technologies reported weak Q2 results, leading to an 11.7% drop in pre-market trading.
Opendoor's weak financial performance has led to a significant decline in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Procore Technologies issued Q3 revenue guidance below estimates, causing a 21.9% drop in pre-market trading.
Procore's lower-than-expected revenue guidance has significantly impacted investor sentiment, leading to a sharp decline in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group shares fell 6.3% in pre-market trading.
The decline in SMFG's stock price may be influenced by broader market trends and investor sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Snap reported mixed Q2 results, leading to a 17.1% drop in pre-market trading.
Snap's mixed financial results have led to a significant decline in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Atlassian posted weak Q4 results, leading to a 16.9% drop in pre-market trading.
Atlassian's disappointing Q4 results have negatively impacted its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70