Fear & Greed Index Moves To 'Greed' Zone After S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
US stocks closed mixed on Tuesday with the Fear & Greed Index moving to the 'Greed' zone. Merck & Co and Pfizer reported better-than-expected earnings, while the ISM Manufacturing PMI rose slightly. The Dow Jones closed higher, while the S&P 500 and Nasdaq Composite fell. Investors are awaiting earnings results from Phillips 66, McKesson Corporation, and QUALCOMM Incorporated.
August 04, 2023 | 10:41 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from McKesson Corporation.
The upcoming earnings report from McKesson Corporation could impact its stock price, but the direction will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Phillips 66.
The upcoming earnings report from Phillips 66 could impact its stock price, but the direction will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from QUALCOMM Incorporated.
The upcoming earnings report from QUALCOMM Incorporated could impact its stock price, but the direction will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Merck & Co reported a narrower-than-expected quarterly loss and sales topped estimates.
Merck & Co's better-than-expected earnings report is likely to have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pfizer reported a second-quarter adjusted EPS of $0.67, down 67% Y/Y, but beating the consensus of $0.57.
Despite the Y/Y decrease, Pfizer's earnings beat the consensus, which could have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80