Markets Remain Bullish After Dow Rises For Eighth Consecutive Session
Portfolio Pulse from Lisa Levin
The Dow Jones recorded gains for the eighth straight session, its longest winning streak since September 2019. Goldman Sachs reported weaker-than-expected Q2 earnings, while U.S. Bancorp reported a Q2 total adjusted net revenue growth of 19.7% YoY. Approximately 78% of S&P 500 companies that have released quarterly results so far have exceeded profit estimates. Investors are awaiting earnings results from Johnson & Johnson, American Airlines Group, and Abbott Laboratories.
July 20, 2023 | 6:23 am
News sentiment analysis
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POSITIVE IMPACT
U.S. Bancorp reported a Q2 total adjusted net revenue growth of 19.7% YoY.
U.S. Bancorp's strong revenue growth could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from American Airlines Group.
The upcoming earnings report from American Airlines could impact its stock price, depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Abbott Laboratories.
The upcoming earnings report from Abbott Laboratories could impact its stock price, depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Johnson & Johnson.
The upcoming earnings report from Johnson & Johnson could impact its stock price, depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs reported weaker-than-expected Q2 earnings.
Goldman Sachs' weaker-than-expected earnings could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100