US Stocks Surge, Chipmakers Rally Despite China's Woes: What's Driving Markets Monday?
Portfolio Pulse from Shanthi Rexaline
US stocks are set for a bullish open as the market recovers from a lackluster week. The recovery is largely dependent on retail earnings reports and key economic releases. Walmart, Target, and Home Depot are among the key retail earnings reports due this week. Inflation fears and rising bond yields have kept sentiment subdued. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. AMC Entertainment shares plunged while United States Steel Corp. jumped after confirming a cash and stock offer from Cleveland-Cliffs, which fell over 5%. Tesla fell over 1.50% after announcing sharp cuts in China.
August 14, 2023 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMC Entertainment shares plunged in premarket trading after a court approved the conversion of APE units into AMC common stock.
The court's approval of the conversion of APE units into AMC common stock has negatively impacted AMC's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Cleveland-Cliffs fell over 5% after United States Steel Corp. confirmed a cash and stock offer from the company.
The confirmation of a cash and stock offer to United States Steel Corp. has negatively impacted Cleveland-Cliffs' stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Tesla fell over 1.50% after announcing sharp cuts in China.
The announcement of sharp cuts in China has negatively impacted Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Home Depot is among the key retail earnings reports due this week, which could impact its stock price.
The upcoming earnings report could either positively or negatively impact Home Depot's stock price depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Target is among the key retail earnings reports due this week, which could impact its stock price.
The upcoming earnings report could either positively or negatively impact Target's stock price depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Walmart is among the key retail earnings reports due this week, which could impact its stock price.
The upcoming earnings report could either positively or negatively impact Walmart's stock price depending on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
The Invesco QQQ ETF gained in premarket trading.
The gain in premarket trading indicates a positive short-term impact on the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust gained in premarket trading.
The gain in premarket trading indicates a positive short-term impact on the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
United States Steel Corp. jumped after confirming a cash and stock offer from Cleveland-Cliffs.
The confirmation of a cash and stock offer from Cleveland-Cliffs has positively impacted United States Steel Corp.'s stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100