Investor Optimism Improves Further After Nasdaq Gains For Three Straight sessions
Portfolio Pulse from Lisa Levin
U.S. stocks closed higher on Wednesday, with the Nasdaq Composite recording gains for three straight sessions. Foot Locker's shares fell by over 28% after a Q2 revenue miss and an 11% rise in inventories. NVIDIA's shares gained 6.6% in after-hours trading following better-than-expected Q2 results and strong Q3 revenue guidance. Investors are awaiting earnings results from Dollar Tree, Ulta Beauty, and Intuit.
August 24, 2023 | 6:23 am
News sentiment analysis
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NEGATIVE IMPACT
Foot Locker's shares fell by over 28% after a Q2 revenue miss and an 11% rise in inventories.
Foot Locker's Q2 revenue miss and rise in inventories have negatively impacted investor sentiment, leading to a significant drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Dollar Tree.
The upcoming earnings results from Dollar Tree could potentially impact its share price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Intuit.
The upcoming earnings results from Intuit could potentially impact its share price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Ulta Beauty.
The upcoming earnings results from Ulta Beauty could potentially impact its share price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NVIDIA's shares gained 6.6% in after-hours trading following better-than-expected Q2 results and strong Q3 revenue guidance.
NVIDIA's better-than-expected Q2 results and strong Q3 revenue guidance have positively impacted investor sentiment, leading to a rise in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100