DoorDash And Exact Sciences Are Among Top 10 Large Cap Gainers Last Week (July 28-Aug 3): Are The Others In Your Portfolio?
Portfolio Pulse from Lekha Gupta
Top 10 large-cap gainers last week include Exact Sciences, Alnylam Pharmaceuticals, Resmed, Coca-Cola Consolidated, DexCom, Sprouts Farmers Market, UL Solutions, Labcorp Holdings, C.H. Robinson Worldwide, and DoorDash. These stocks saw significant price increases due to better-than-expected financial results and positive analyst actions.
August 04, 2024 | 2:33 pm
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POSITIVE IMPACT
Alnylam Pharmaceuticals shares rose 15.35% after better-than-expected Q2 results. Analysts raised price targets.
The better-than-expected Q2 results and raised price targets are strong positive signals for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
C.H. Robinson Worldwide shares grew 10.98% after strong Q2 adjusted EPS results. Analysts raised price targets.
The strong Q2 adjusted EPS results and raised price targets are positive indicators for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Coca-Cola Consolidated shares increased 12.21% after reporting a year-over-year increase in Q2 results.
The year-over-year increase in Q2 results is a positive indicator for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DoorDash stock gained 10.24% after strong Q2 revenue results. Analysts raised price forecasts.
The strong Q2 revenue results and raised price forecasts are positive indicators for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DexCom stock rose 11.18% last week, bouncing back from its 52-week low.
The bounce back from a 52-week low indicates a potential recovery in the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Exact Sciences stock surged 26.60% after reporting better-than-expected Q2 results and an exclusive license agreement with TwinStrand Biosciences. Analysts slashed price forecasts.
The strong Q2 results and new license agreement are positive catalysts, but the slashed price forecasts may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Labcorp Holdings stock rose 11.34% after strong Q2 results and raised FY24 revenue guidance. Analysts boosted forecasts.
The strong Q2 results, raised FY24 revenue guidance, and boosted analyst forecasts are positive indicators for the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Resmed stock gained 10.09% after strong Q4 results and a dividend increase. Analysts raised price forecasts.
The strong Q4 results, dividend increase, and raised price forecasts are positive indicators for the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Sprouts Farmers Market shares increased 11.87% after strong Q2 results and positive Q3 guidance. Analysts raised price targets.
The strong Q2 results, positive Q3 guidance, and raised price targets are positive indicators for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UL Solutions stock grew 11.74% after better-than-expected Q2 results.
The better-than-expected Q2 results are a positive indicator for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100