Dow Hits Record High, S&P 500 Gains For 4th Consecutive Month: Fear Index In 'Greed' Zone
Portfolio Pulse from Avi Kapoor
The Dow Jones hit a record high, and the S&P 500 gained for the fourth consecutive month, with the Fear & Greed Index in the 'Greed' zone. Elastic N.V. shares fell over 26% due to weak guidance, while MongoDB shares surged over 18% on strong results. Investors await earnings from HealthEquity, Sportsman’s Warehouse, and Zscaler.
September 03, 2024 | 6:08 am
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POSITIVE IMPACT
MongoDB shares surged over 18% after reporting better-than-expected Q2 results and strong guidance.
MongoDB reported strong Q2 results and issued positive guidance, resulting in a significant increase in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from HealthEquity, which could impact its stock price.
HealthEquity is expected to release earnings results, which could influence its stock price depending on the outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Sportsman’s Warehouse, which could impact its stock price.
Sportsman’s Warehouse is expected to release earnings results, which could influence its stock price depending on the outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Zscaler, which could impact its stock price.
Zscaler is expected to release earnings results, which could influence its stock price depending on the outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Elastic N.V. shares dropped over 26% after reporting Q1 results and issuing weak Q2 revenue guidance.
Elastic N.V. reported Q1 results and issued Q2 revenue guidance below estimates, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100