Small Cap U.S. Stocks with Positive and Negative News on May 23, 2023
On May 23, 2023, there were a number of small cap U.S. stocks that appeared in the news. Some of these stocks had positive news, while others had negative news.
Positive News
- Yelp (YELP): Activist investor TCS Capital Management has built a stake in the company and is recommending a sale or merger. This news could lead to increased investor interest in Yelp, which could drive up the stock price.
- PacWest Bancorp (PACW): The bank announced it would sell a $2.6 billion property-loan portfolio to Kennedy-Wilson Holdings. This sale is expected to generate significant proceeds for PacWest, which could lead to increased earnings and a higher stock price.
- Dick’s Sporting Goods (DKS): The company reported strong quarterly earnings and raised its guidance for the full year. This news is a positive sign for Dick’s Sporting Goods, and could lead to increased investor interest in the stock.
Negative News
- Lowe’s Companies (LOW): The company cut its full-year sales forecast, citing lower demand as high inflation impacts discretionary spending. This news could lead to decreased investor interest in Lowe’s, which could drive down the stock price.
- Apple (AAPL): The company said it has entered a multi-billion dollar deal with chipmaker Broadcom Inc. (AVGO) to use chips made in the US. This could lead to higher costs for Apple, which could impact its bottom line.
It is important to note that these are just a few of the many small cap U.S. stocks that appeared in the news on May 23, 2023. The overall sentiment of the news for each stock may change over time, and the impact of any particular news article on the stock price may vary.
It is also important to do your own research before investing in any stock, and to not rely solely on the news to make your investment decisions.
Title: Small Cap U.S. Stocks with Positive and Negative News on May 23, 2023