5 hours ago
Individual investors were last this ‘neutral’ on stocks eight months ago, says AAII
The percentage of individual investors who are neutral – neither bullish nor bearish – on the outlook for stock prices over the next six months widened to 35.4%, up from 29% in the latest survey from the American Association of Individual Investors, highest reading since last time. September and above the historical average of 31.5%.
Optimism rose from 38.5% to 40.8%, above the historical average of 37.5% for the 26th time in 27 weeks.
Bearish sentiment dropped to 23.8% of respondents, down from 32.5% last week and the historical average of 31%. It was the first time in four weeks that pessimism was below its historical average.
Mavericks who like to bet against the crowd argue that the rising bull trend means investors have less money to put into the market and have fewer purchases ahead of them than behind them. A growing downtrend means the opposite: there is more money to invest and more sales have been made.
-Scott Schnipper
6 hours ago
Stocks Make Biggest Moves After Hours
Check out the companies making headlines in broad trading.
- Yelp — Shares of the restaurant review site fell 6% as Yelp issued weak second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents per share, beating analysts’ estimates of 6 cents per share, per LSEG. Revenues for the period, however, were in line with expectations, at $333 million.
- Sweetgreen — The salad chain jumped 5% after Sweetgreen reported first-quarter revenue of $158 million, beating the LSEG consensus estimate of $152 million. Earnings were not immediately comparable to estimates.
- Akamai Technologies — The cloud company fell nearly 9%, falling on weak second-quarter guidance. Akamai expects adjusted earnings of $1.51 to $1.56 per share on revenue of $967 million to $986 million. Analysts polled by LSEG expect earnings of $1.63 per share and revenue of $1 billion.
Read the full list here.
-Sarah Min
6 hours ago
The opening of stock futures was little changed Thursday evening
Stock futures opened little changed.
Futures linked to the 30-stock Dow Jones rose 33 points, or 0.08%. S&P 500 futures climbed 0.04%, while Nasdaq 100 futures gained 0.04%.
-Sarah Min
News Source : www.cnbc.com
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