Investor Fear Eases As US Stocks Rise Following Economic Reports
Portfolio Pulse from Lisa Levin
US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining over 100 points. The CNN Money Fear and Greed index moved to the 'Fear' zone. Investors are awaiting the release of the personal consumption expenditures price index. Accenture plc (ACN) and CarMax Inc (KMX) shares fell after reporting Q4 results and Q2 earnings respectively. Investors are also awaiting earnings results from Carnival Corporation (CC) and Genius Group Limited (GNS).
September 29, 2023 | 8:02 am
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NEUTRAL IMPACT
Investors are awaiting earnings results from Carnival Corporation.
The upcoming earnings report from Carnival Corporation could potentially impact the company's stock price, depending on whether the results meet, exceed, or fall short of market expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Genius Group Limited.
The upcoming earnings report from Genius Group Limited could potentially impact the company's stock price, depending on whether the results meet, exceed, or fall short of market expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shares of Accenture plc fell over 4% after the company reported mixed Q4 financial results and issued weak FY24 adjusted EPS guidance.
Accenture's stock fell due to mixed Q4 results and weak FY24 EPS guidance, indicating potential financial instability or underperformance in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CarMax Inc shares fell 13% after reporting weaker-than-expected earnings for its second quarter.
CarMax's stock fell significantly due to weaker-than-expected Q2 earnings, indicating that the company's financial performance did not meet market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100