Investor Sentiment Improves Slightly After S&P 500 Ends Three-Session Losing Streak
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed a slight improvement in investor sentiment on Friday, despite losses in the stock market last week due to concerns over potential interest rate hikes by the US Federal Reserve. DocuSign (DOCU) shares fell 3.7% after Q2 earnings beat and strong guidance, while Kroger (KR) shares gained over 3% following upbeat quarterly earnings and an opioid settlement agreement. Investors are awaiting earnings results from Casey's General Stores (CASY), Bowlero Corp. (BOWL), and Oracle Corporation (ORCL).
September 11, 2023 | 6:40 am
News sentiment analysis
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POSITIVE IMPACT
Kroger shares gained over 3% after the company posted upbeat quarterly earnings and reached an opioid settlement agreement.
The rise in Kroger's share price is likely due to the company's strong quarterly earnings report and the resolution of legal issues related to the opioid crisis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Bowlero Corp.
The upcoming earnings report from Bowlero Corp. could potentially impact the company's share price, depending on whether the results meet, exceed, or fall short of investor expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Casey's General Stores.
The upcoming earnings report from Casey's General Stores could potentially impact the company's share price, depending on whether the results meet, exceed, or fall short of investor expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Oracle Corporation.
The upcoming earnings report from Oracle Corporation could potentially impact the company's share price, depending on whether the results meet, exceed, or fall short of investor expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
DocuSign shares fell 3.7% after the company reported a second-quarter earnings beat and issued strong guidance.
The drop in DocuSign's share price is likely due to investors taking profits after the company's strong Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100