Fear & Greed Index Remains In 'Greed' Zone Following PCE Data; Dow Surges Over 500 Points
Portfolio Pulse from Lisa Levin
The Fear & Greed Index remained in 'Greed' territory as the Dow Jones surged over 500 points after positive PCE data and mixed economic indicators. Cracker Barrel's shares dropped over 10% post Q1 results, while Salesforce's shares rose over 9% following upbeat Q3 results and FY24 guidance. The S&P 500 saw gains, but the Nasdaq Composite dipped slightly. Investors are looking forward to earnings from Genesco Inc. and Bank of Montreal.
December 01, 2023 | 8:05 am
News sentiment analysis
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NEGATIVE IMPACT
Cracker Barrel's stock fell more than 10% after the company reported its first-quarter results.
The significant drop in Cracker Barrel's stock price is a direct reaction to the first-quarter results, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Investors are also awaiting earnings from Bank of Montreal, which may impact the stock's short-term trajectory.
Similar to Genesco, the upcoming earnings report from Bank of Montreal creates a wait-and-see situation for investors, with the stock's movement contingent on the earnings outcome.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Genesco Inc., which could influence the stock's short-term performance.
The anticipation of Genesco's earnings results creates uncertainty, and the stock's direction will depend on the actual results reported.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Salesforce's shares climbed over 9% after reporting better-than-expected third-quarter financial results and providing strong FY24 guidance.
Salesforce's stock price increase reflects investor optimism following the company's positive earnings report and future guidance, suggesting a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80