Investor Sentiment Declines Further After Weak China Data
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors, with the Dow Jones falling more than 300 points. The SPDR S&P Regional Banking ETF (KBE) declined around 3%. China reported disappointing economic data, while the U.S. saw a rise in retail sales and export prices. The Home Depot, Inc. (HD) reported better-than-expected Q2 results. Investors are awaiting earnings results from Target Corporation (TGT), The TJX Companies, Inc. (TJX), JD.com, Inc. (JD) and Cisco Systems, Inc. (CSCO).
August 16, 2023 | 6:58 am
News sentiment analysis
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NEGATIVE IMPACT
The SPDR S&P Regional Banking ETF (KBE) declined around 3% on Tuesday.
The decline in the ETF is directly related to the overall decline in investor sentiment and the fall in the Dow Jones.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Cisco Systems, Inc. (CSCO).
The upcoming earnings report could have a potential impact on Cisco's stock, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from JD.com, Inc. (JD).
The upcoming earnings report could have a potential impact on JD.com's stock, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Target Corporation (TGT).
The upcoming earnings report could have a potential impact on Target's stock, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from The TJX Companies, Inc. (TJX).
The upcoming earnings report could have a potential impact on TJX's stock, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Home Depot, Inc. (HD) reported better-than-expected results for its second quarter.
The better-than-expected Q2 results could lead to a positive short-term impact on Home Depot's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90