Fear & Greed Index Remains In 'Greed' Zone Following Inflation Data
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index remained in the 'Greed' zone on Thursday, indicating positive market sentiment. U.S. stocks closed slightly higher following the release of inflation data. The annual inflation rate rose to 3.2% in July, slightly below market estimates. Initial jobless claims increased more than expected. Shares of The Walt Disney Company and Wynn Resorts rose after reporting better-than-expected earnings. Investors are awaiting earnings results from Spectrum Brands Holdings, Mammoth Energy Services, and Soho House & Co.
August 11, 2023 | 6:39 am
News sentiment analysis
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POSITIVE IMPACT
Shares of The Walt Disney Company rose 4.9% after the company reported better-than-expected third-quarter earnings.
The Walt Disney Company's better-than-expected earnings report led to a rise in its share price. This positive news is likely to continue to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wynn Resorts shares rose 2.6% after the company reported upbeat quarterly financial results.
Wynn Resorts' positive quarterly financial results led to a rise in its share price. This positive news is likely to continue to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Soho House & Co.
The upcoming earnings report from Soho House & Co could impact the company's stock price, but the direction of the impact will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Spectrum Brands Holdings.
The upcoming earnings report from Spectrum Brands Holdings could impact the company's stock price, but the direction of the impact will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Mammoth Energy Services.
The upcoming earnings report from Mammoth Energy Services could impact the company's stock price, but the direction of the impact will depend on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60