Warner Bros, Airbnb And Monster Beverage Are Among Top 10 Large Cap Losers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the top 10 large-cap stocks that were the worst performers from August 4 to August 10. The companies mentioned include McKesson Corporation, BIO-TECHNE Corp, Warner Bros. Discovery, Charles River Laboratories, Sarepta Therapeutics, Monster Beverage Corporation, TopBuild Corp., Airbnb, Advanced Drainage Systems, and SBA Communications. The declines were primarily due to worse-than-expected financial results and subsequent analyst downgrades.
August 11, 2024 | 3:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Airbnb stock dived 7.01% after reporting worse-than-expected quarterly EPS results and issuing lower third-quarter revenue guidance, leading many analysts to slash price targets.
The decline is due to disappointing EPS results and lower future revenue guidance, leading to negative analyst revisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TopBuild Corp. stock dived 8.93% following worse-than-expected quarterly results, leading several analysts to lower the price target.
The stock decline is due to poor quarterly results and subsequent analyst downgrades.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Charles River Laboratories shares dipped 10.41% on Q2 results and a cut in its FY24 adjusted outlook, leading analysts to lower price targets.
The decline is due to disappointing Q2 results and a reduced FY24 outlook, leading to analyst downgrades.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
McKesson Corporation shares fell 12.06% due to worse-than-expected first-quarter FY25 sales results, leading analysts to revise price targets.
The significant drop in share price is directly linked to poor sales results and subsequent analyst downgrades, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Monster Beverage Corporation stock plummeted 8.95% after reporting Q2 financial results, leading many analysts to cut the price target.
The decline is attributed to disappointing Q2 financial results and subsequent analyst downgrades.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SBA Communications stock fell 6.85% in the last week.
The decline is noted without specific reasons, indicating a general negative sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Sarepta Therapeutics stock fell 9.33% on worse-than-expected Q2 sales results and lower FY25 net product revenue guidance, leading to analyst downgrades.
The stock decline is due to poor Q2 sales results and lower future revenue guidance, leading to negative analyst revisions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
BIO-TECHNE Corp stock fell 11.71% due to worse-than-expected Q4 revenue results.
The decline is attributed to poor Q4 revenue results, which negatively impacted investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Warner Bros. Discovery stock declined 10.62% following weak second-quarter financial results, prompting several analysts to update their ratings and price targets.
The weak Q2 financial results led to a significant drop in stock price, compounded by analyst downgrades.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Advanced Drainage Systems stock fell 6.94% following a quarterly earnings miss.
The decline is due to missing quarterly earnings expectations, negatively impacting investor sentiment.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100