Dow Settles Higher But Records Weekly Loss: Greed Index Remains In 'Extreme Fear' Zone
Portfolio Pulse from Avi Kapoor
U.S. stocks settled higher on Friday despite recording losses earlier in the week. The Dow and Nasdaq fell by 0.6% and 0.18% respectively over the week. Doximity, Inc. (DOCS) shares surged 38.7% after strong Q1 results and positive FY24 revenue guidance. Iteris, Inc. (ITI) shares jumped 63.6% following an acquisition announcement. Investors are awaiting earnings results from Monday.com Ltd. (MNDY), Sun Life Financial Inc. (SLF), and KE Holdings Inc. (BEKE). The CNN Money Fear and Greed index remains in the 'Extreme Fear' zone.
August 12, 2024 | 7:39 am
News sentiment analysis
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POSITIVE IMPACT
Doximity, Inc. shares jumped 38.7% after reporting better-than-expected Q1 financial results and issuing FY24 revenue guidance above estimates.
The significant jump in share price is due to better-than-expected financial results and positive future revenue guidance, indicating strong performance and investor confidence.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Iteris, Inc. shares surged 63.6% after announcing it would be acquired by Almaviva for $335 million.
The acquisition announcement led to a significant increase in share price, reflecting positive market reaction to the buyout deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Investors are awaiting earnings results from KE Holdings Inc. today.
The anticipation of earnings results can lead to stock price volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Monday.com Ltd. today.
The anticipation of earnings results can lead to stock price volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Sun Life Financial Inc. today.
The anticipation of earnings results can lead to stock price volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70