Economic Data Takes Pressure Off Fed For Another Rate Hike, SEC Loses Court Fight Over Bitcoin ETF, Cannabis Stocks Rally With Drug's DEA Classification Under Review: The Week In The Markets
Portfolio Pulse from Dustin Blitchok
The Federal Reserve is expected to hold steady on interest rates in September, according to 93% of investors. A federal appeals court has overturned the SEC's rejection of Grayscale Investments' application to convert its Grayscale Bitcoin Trust into a spot ETF, causing Bitcoin to surge. The Department of Health and Human Services has recommended that cannabis be reclassified from a Schedule I to a Schedule III drug, causing cannabis stocks to soar. In the coming week, earnings reports from C3.ai Inc, GameStop Corp, Docusign Inc, and Kroger Co will be closely watched.
September 01, 2023 | 8:10 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
C3.ai Inc is expected to report earnings in the coming week.
The upcoming earnings report from C3.ai Inc could impact the company's stock price, but it is unclear at this time whether the impact will be positive or negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Docusign Inc is expected to report earnings in the coming week.
The upcoming earnings report from Docusign Inc could impact the company's stock price, but it is unclear at this time whether the impact will be positive or negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
GameStop Corp is expected to report earnings in the coming week.
The upcoming earnings report from GameStop Corp could impact the company's stock price, but it is unclear at this time whether the impact will be positive or negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Kroger Co is expected to report earnings in the coming week.
The upcoming earnings report from Kroger Co could impact the company's stock price, but it is unclear at this time whether the impact will be positive or negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Grayscale's Bitcoin Trust ETF application has been given a second chance by a federal appeals court, causing Bitcoin to surge.
The court's decision to overturn the SEC's rejection of Grayscale's Bitcoin ETF application is a positive development for Grayscale and could lead to increased investor interest in the trust.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The AdvisorShares Pure US Cannabis ETF soared following a recommendation to reclassify cannabis from a Schedule I to a Schedule III drug.
The recommendation to reclassify cannabis could lead to relaxed federal marijuana regulations, which would be a positive development for cannabis stocks, including the AdvisorShares Pure US Cannabis ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100