Investor Optimism Improves After Nasdaq Settles Higher
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors. U.S. stocks closed mixed on Wednesday with the Nasdaq settling higher. Federal Reserve Chair Jerome Powell indicated additional interest rate hikes this year. The U.S. government is considering semiconductor export limits to China. General Mills, Inc. (NYSE:GIS) shares dropped over 5% after a fourth-quarter revenue miss. Investors are awaiting earnings results from McCormick & Company, Incorporated (NYSE:MKC), Acuity Brands, Inc. (NYSE:AYI) and NIKE, Inc. (NYSE:NKE).
June 29, 2023 | 6:19 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Acuity Brands, Inc.
Investors are awaiting Acuity Brands' earnings results. Depending on whether the company meets, exceeds, or misses expectations, the stock price could move in either direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from McCormick & Company, Incorporated.
Investors are awaiting McCormick's earnings results. Depending on whether the company meets, exceeds, or misses expectations, the stock price could move in either direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from NIKE, Inc.
Investors are awaiting NIKE's earnings results. Depending on whether the company meets, exceeds, or misses expectations, the stock price could move in either direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Mills, Inc. shares dropped over 5% after the company reported a fourth-quarter revenue miss.
General Mills reported a revenue miss for the fourth quarter, which led to a drop in its share price. This negative earnings surprise is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100