Investor Optimism Improves Following Powell's Speech
Portfolio Pulse from Lisa Levin
US stocks closed higher following Federal Reserve Chair Jerome Powell's remarks indicating readiness to raise interest rates. The CNN Money Fear and Greed index showed improved investor sentiment. Affirm Holdings (AFRM) shares jumped 29% after reporting better-than-expected Q4 results, while Domo (DOMO) shares fell 36% after issuing a below-consensus Q3 outlook. Investors are awaiting earnings results from HEICO Corporation (HEI), JOANN Inc. (JOAN), and Baozun Inc. (BZUN).

August 28, 2023 | 6:41 am
News sentiment analysis
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POSITIVE IMPACT
Affirm Holdings shares jumped 29% after reporting better-than-expected Q4 results.
The company's better-than-expected Q4 results have led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Baozun Inc.
The upcoming earnings results could potentially impact the company's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from HEICO Corporation.
The upcoming earnings results could potentially impact the company's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from JOANN Inc.
The upcoming earnings results could potentially impact the company's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Domo shares fell 36% after issuing a below-consensus Q3 outlook.
The company's below-consensus Q3 outlook has led to a significant decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100