Investor Sentiment Improves Ahead Of Powell's Jackson Hole Speech
Portfolio Pulse from Lisa Levin
Investor sentiment improved ahead of Federal Reserve chair Jerome Powell's speech at the Jackson Hole Symposium. The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors. However, U.S. stocks closed mostly lower due to concerns over increasing Treasury yields and reduced credit ratings for several U.S. banks. DICK'S Sporting Goods and Lowe's Companies reported their quarterly earnings, with DICK'S shares falling over 24% and Lowe's shares gaining 3.8%. Investors are awaiting earnings results from Analog Devices, Williams-Sonoma, and NVIDIA Corporation.
August 23, 2023 | 7:17 am
News sentiment analysis
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NEGATIVE IMPACT
DICK'S Sporting Goods shares fell over 24% after reporting worse-than-expected Q2 results and lowering FY23 guidance.
The company's worse-than-expected Q2 results and lowered FY23 guidance are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Analog Devices.
The upcoming earnings results could potentially impact the stock price, but the direction is uncertain at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from NVIDIA Corporation.
The upcoming earnings results could potentially impact the stock price, but the direction is uncertain at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Williams-Sonoma.
The upcoming earnings results could potentially impact the stock price, but the direction is uncertain at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Lowe's Companies shares gained 3.8% after reporting better-than-expected quarterly earnings.
The company's better-than-expected quarterly earnings are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100