MicroStrategy, Intel And Moderna Are Among Top 12 Large Cap Losers Last Week (July 28-August 3): Are The Others In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the top 12 large-cap stock losers from July 28 to August 3, including Symbotic, Intel, Snap, Moderna, Mobileye, Pinterest, Arm Holdings, Entegris, Atlassian, MicroStrategy, New Oriental Education, and Western Digital. These stocks experienced significant declines due to various factors such as worse-than-expected earnings, weak guidance, and analyst downgrades.
August 04, 2024 | 3:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Arm Holdings plc (NASDAQ:ARM) stock decreased 22.42% after it issued weak Q2 guidance. Many analysts revised the price target.
Arm Holdings' stock decline is due to weak Q2 guidance, prompting many analysts to revise their price targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
New Oriental Education & Technology Group, Inc. (NYSE:EDU) stock decreased 17.22% after the company reported worse-than-expected Q4 adjusted EPS and sales.
New Oriental Education's stock decline is due to worse-than-expected Q4 adjusted EPS and sales.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Entegris, Inc. (NASDAQ:ENTG) shares dipped 20.78% after the company reported Q2 financial results and issued Q3 guidance below estimates. Few analysts lowered the price target.
Entegris' stock decline is due to disappointing Q2 results and Q3 guidance below estimates, leading to a few analyst price target reductions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Intel Corp (NASDAQ:INTC) stock declined 31.63% due to worse-than-expected Q2 results and a suspended dividend. Several analysts downgraded the stock.
Intel's stock decline is driven by disappointing Q2 results and the suspension of its dividend, leading to multiple analyst downgrades.
CONFIDENCE 95
IMPORTANCE 95
RELEVANCE 100
NEGATIVE IMPACT
Mobileye Global Inc. (NASDAQ:MBLY) stock fell 24.50% after the company issued weak FY24 guidance. Several analysts cut the price target on the stock.
Mobileye's stock decline is due to weak FY24 guidance, prompting several analysts to cut their price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Moderna, Inc. (NASDAQ:MRNA) shares declined 29.19% after the company reported Q2 results and revised its 2024 expectations. Multiple analysts lowered their price targets.
Moderna's stock decline is due to disappointing Q2 results and revised 2024 expectations, leading to multiple analyst price target reductions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
MicroStrategy Incorporated (NASDAQ:MSTR) shares fell 18.22% after the company reported its second-quarter financial results. Shares of crypto-linked stocks also fell amid weakness in Bitcoin.
MicroStrategy's stock decline is due to disappointing Q2 results and overall weakness in Bitcoin, affecting crypto-linked stocks.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Pinterest, Inc. (NYSE:PINS) shares were down 23.12% after the company issued Q3 revenue guidance below estimates. Many analysts slashed the price target.
Pinterest's stock decline is due to Q3 revenue guidance below estimates, leading many analysts to slash their price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Snap Inc (NYSE:SNAP) fell 30.23% on worse-than-expected Q2 revenue results. Several analysts lowered their price forecasts on the stock.
Snap's stock decline is due to poor Q2 revenue results, prompting several analysts to lower their price forecasts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Symbotic Inc (NASDAQ:SYM) stock fell 39.23% due to worse-than-expected Q3 earnings and a subpar Q4 revenue outlook.
The significant drop in Symbotic's stock price is attributed to poor Q3 earnings and a weak Q4 revenue outlook, which are critical factors for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Atlassian Corp (NASDAQ:TEAM) stock tumbled 19.24% last week after the company reported Q4 earnings and issued a soft Q1 outlook.
Atlassian's stock decline is due to disappointing Q4 earnings and a soft Q1 outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Western Digital Corp (NASDAQ:WDC) fell 17.17% in sympathy with Intel. Also, Susquehanna analyst lowered its price target from $88 to $75.
Western Digital's stock decline is partly due to Intel's poor performance and a lowered price target by Susquehanna analyst.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100