Fear Continues To Grip Markets, Here's Why
Portfolio Pulse from Lisa Levin
Despite the overall fear level in the market, U.S. stocks closed higher on Tuesday, with the S&P 500 and Dow Jones recording their longest winning streaks in years. Technology stocks gained amid a decline in yields. Datadog shares jumped over 28% after reporting better-than-expected Q3 results and strong guidance, while Uber's Q3 revenue and GAAP EPS missed consensus. The U.S. trade deficit increased to $61.5 billion in September. Investors are awaiting earnings results from Ralph Lauren, Kellanova, The Walt Disney Company, and Lyft.
November 08, 2023 | 8:13 am
News sentiment analysis
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NEGATIVE IMPACT
Uber's Q3 revenue and GAAP EPS missed consensus.
The company's failure to meet consensus estimates for Q3 revenue and GAAP EPS could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from The Walt Disney Company.
The upcoming earnings results could potentially impact the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Kellanova.
The upcoming earnings results could potentially impact the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Lyft.
The upcoming earnings results could potentially impact the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Ralph Lauren.
The upcoming earnings results could potentially impact the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Datadog shares jumped over 28% after reporting better-than-expected Q3 results and strong guidance.
The company's strong Q3 results and guidance have likely boosted investor confidence, leading to a significant increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100