S&P Edges Higher Ahead Of Nvidia Earnings: Investors Sentiment Improves
Portfolio Pulse from Avi Kapoor
U.S. stocks edged higher on Tuesday, with the S&P 500 and Nasdaq Composite both rising by 0.16%. Investors are anticipating earnings reports from NVIDIA, HP, and The J. M. Smucker Company. The CNN Money Fear and Greed index improved to a 'Neutral' zone. ScanSource and American Woodmark reported worse-than-expected financial results, impacting their stock prices negatively.
August 28, 2024 | 8:26 am
News sentiment analysis
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NEGATIVE IMPACT
American Woodmark's shares fell 11% after reporting worse-than-expected Q1 results and projecting a decline in FY25 sales.
The significant drop in American Woodmark's stock price is due to poor financial results and a negative sales outlook, likely leading to continued short-term pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 75
NEGATIVE IMPACT
ScanSource reported worse-than-expected Q4 results, likely leading to negative short-term stock price movement.
ScanSource's disappointing financial results are expected to negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
HP is set to release its earnings report, which could influence its stock price depending on the results.
HP's upcoming earnings report could impact its stock price, but the direction is uncertain until results are released.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
The J. M. Smucker Company is expected to release its earnings report, which could affect its stock price.
The J. M. Smucker Company's earnings report could influence its stock price, but the impact will depend on the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
NVIDIA's upcoming earnings report is highly anticipated, with potential to influence market sentiment and stock prices.
NVIDIA's earnings report is a key event that could significantly impact its stock price and market sentiment. Positive results could lead to a stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80