Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&P 500 Gainers And Losers
Portfolio Pulse from Shanthi Rexaline
In August, the S&P 500 Index saw a recovery, gaining 2.28% by the end of the month. Notable gainers included cybersecurity firms CrowdStrike and Fortinet, while Super Micro Computer and Intel were among the top losers. The SPDR S&P 500 ETF Trust (SPY) also saw a slight increase.
August 31, 2024 | 7:55 pm
News sentiment analysis
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NEGATIVE IMPACT
Intel's stock fell 27.86% in August, affected by fundamental risks and earnings reactions.
Intel's stock decline was driven by fundamental risks and negative earnings reactions, affecting investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Super Micro Computer dropped 37.62% in August due to a short report and delayed 10-K filing.
Negative news from a short report and filing delays led to a significant decline in Super Micro's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CrowdStrike rebounded in August, gaining 19.54% after recovering from a global-outage-induced slump.
CrowdStrike's recovery from a previous slump due to a global outage led to a significant gain, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fortinet saw a strong post-earnings rally, gaining 32.17% in August.
Fortinet's strong earnings performance led to a significant rally, reflecting positive market reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Starbucks gained 26.52% in August, driven by a management change.
Starbucks' management change positively impacted investor sentiment, leading to a significant stock price increase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) increased by 0.95% in August, reflecting the overall market recovery.
The SPY ETF's performance reflects the broader market recovery, indicating positive investor sentiment.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60