This article is about some big companies whose stocks are moving down in value. It talks about companies like Guess?, Nvidia, Pure Storage, Applied Digital, and others. These companies did not do as well as people expected, so their stocks are worth less right now. This can make it harder for people to make money if they buy these stocks. Read from source...
'Guess?, Nvidia, Pure Storage, Applied Digital And Other Big Stocks Moving Lower In Thursday' by Avi Kapoor of Benzinga Staff Writer dated August 29, 2024, fell short of journalistic standards. The author appears to favor some stocks while relegating others to the periphery, a practice not aligned with the principles of fairness and objectivity.
Take for instance the sentence, 'Guess? reported quarterly earnings of 42 cents per share which missed the analyst consensus estimate of 43 cents per share.' The writer here is painting an incomplete picture, leaving out the full context which is: despite missing the consensus estimate, Guess? managed to beat the analyst consensus estimate for quarterly sales of $732.560 million against an estimate of $729.962 million.
Additionally, the writer's choice of words and phrases, such as 'shares dipped 8.6%' and 'fell 15.3%' in reference to Pure Storage and Applied Digital Corporation respectively, is unnecessarily negative and emotive. This approach creates the illusion of a downward trend, even where none exists.
Further, the article's pre-market trading outlook appears to be hinged on earnings reports with little attention to other factors that could be influencing stock prices. An example would be ignoring the potential impact of macroeconomic indicators, changes in regulatory environments, or global market trends.
Finally, the analysis provided in the article is neither insightful nor does it offer any actionable advice. An effective analysis should be able to provide a clear, unique perspective that helps readers make informed decisions. This article, however, falls short of this mark. It lacks a comprehensive, in-depth examination of the various factors that could be affecting these stocks' performance.
Therefore, the critics argue that the article would benefit from improved accuracy, clarity, and balance in presenting stock market news and analysis. Such improvements would provide greater value to readers who depend on Benzinga for well-informed financial insights.
bearish. Many of the stocks mentioned in the article fell in pre-market trading following the release of quarterly financial results. Companies like Guess?, Pure Storage, and Applied Digital recorded losses or weaker-than-expected earnings, contributing to a bearish sentiment in the pre-market session.
1. Guess?, Inc. (GES):
- Pre-market share dip: 8.6%
- Missed second-quarter adjusted EPS results
- Worse-than-expected FY25 adjusted EPS guidance
- Quarterly sales beat analyst consensus estimate
Risks: Lowered guidance, worse-than-expected earnings
2. Pure Storage, Inc. (PSTG):
- Second-quarter financial results reported
- 15.3% dip in pre-market trading
- Wider-than-expected quarterly loss
Risks: Quarterly loss, disappointing financial results
3. Applied Digital Corporation (APLD):
- Decline in pre-market trading: 11.8%
- Wider-than-expected quarterly loss
- Posting of lower-than-expected earnings
Risks: Quarterly loss, worse-than-expected earnings
4. NVIDIA Corporation (NVDA):
- Pre-market share dip: 2%
- Gross margin contraction from the first quarter
- Better-than-expected earnings and sales results for Q2
- Above-consensus third-quarter revenue guidance
- $50-billion additional stock repurchase authorization
Risks: Gross margin contraction, share price dip
These stocks are recommended for cautious investment, considering the risks involved. It is advised to conduct further research before making any financial decisions.