S&P 500, Nasdaq Extend Gains For 8th Consecutive Session: Investor Sentiment Improves, But Greed Index Remains In 'Fear' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 and Nasdaq extended their gains for the eighth consecutive session, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. Estee Lauder's shares fell over 2% after Q4 results, while ZIM Integrated Shipping Services saw a 16.7% rise following strong Q2 results and raised FY24 guidance. Investors are awaiting earnings from Lowe’s, Medtronic, and Alcon.

August 20, 2024 | 6:40 am
News sentiment analysis
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NEGATIVE IMPACT
Estee Lauder shares fell over 2% after reporting its fourth-quarter results, indicating potential investor disappointment with the company's performance.
Estee Lauder's share price decline suggests that the market was not satisfied with the company's Q4 results, leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alcon's earnings results are expected soon, which could influence its stock price based on the financial performance.
Alcon's upcoming earnings report is a potential catalyst for stock price changes, contingent on how the results align with investor expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are anticipating earnings results from Lowe’s, which could impact the stock price depending on the performance relative to expectations.
Lowe’s upcoming earnings report is a key event that could influence its stock price, but the impact will depend on how the results compare to market expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Medtronic's upcoming earnings report is awaited by investors, with potential implications for the stock price based on the results.
The anticipation of Medtronic's earnings results suggests potential stock price movement, but the direction will depend on the actual performance versus expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ZIM Integrated Shipping Services shares surged 16.7% after reporting better-than-expected Q2 results and raising FY24 guidance, signaling strong investor confidence.
The significant rise in ZIM's share price reflects strong investor confidence following the company's better-than-expected Q2 results and optimistic FY24 guidance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90