Fear & Greed Index In 'Neutral' Zone; Nasdaq Settles Above 17,000
Portfolio Pulse from Avi Kapoor
The CNN Money Fear and Greed index remained in the 'Neutral' zone on Tuesday. U.S. stocks closed higher, with the Nasdaq Composite settling above 17,000 for the first time. Bitfarms Ltd. shares jumped over 9% after Riot Platforms announced plans to acquire all outstanding shares. Elbit Systems Ltd. shares fell around 2.7% after reporting Q1 results. Investors are awaiting earnings results from DICK’S Sporting Goods, Advance Auto Parts, Salesforce, and HP Inc.
May 29, 2024 | 7:05 am
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NEGATIVE IMPACT
Elbit Systems Ltd. shares fell around 2.7% after the company reported results for the first quarter.
The decline in Elbit Systems' stock price is directly related to their Q1 earnings report, which likely did not meet investor expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Advance Auto Parts, Inc.
The anticipation of earnings results can create uncertainty, but without the actual results, the immediate impact on the stock price is neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Salesforce, Inc.
The anticipation of earnings results can create uncertainty, but without the actual results, the immediate impact on the stock price is neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from DICK’S Sporting Goods, Inc.
The anticipation of earnings results can create uncertainty, but without the actual results, the immediate impact on the stock price is neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from HP Inc.
The anticipation of earnings results can create uncertainty, but without the actual results, the immediate impact on the stock price is neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bitfarms Ltd. shares jumped over 9% after Riot Platforms announced plans to acquire all outstanding shares and accumulated a 9.25% stake.
The announcement of Riot Platforms' acquisition plans and their 9.25% stake in Bitfarms is a significant positive development, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms announced plans to acquire all outstanding shares of Bitfarms Ltd. and accumulated a 9.25% stake.
Riot Platforms' acquisition plans for Bitfarms could be seen as a strategic move, potentially boosting investor confidence and positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80