US Stocks Mixed; JM Smucker Slashes Annual Guidance DAX, NASDAQ, CAC 40, S&P 500, Eurozone, FTSE 100, Benzinga, STOXX 600, Avi Kapoor, Nikkei 225, BSE Sensex, Energy shares, IBEX 35 Index, Asian markets, Dow Jones index, Hang Seng Index, JM Smucker Company, Virax Biolabs Group, BranchOut Food Inc., Super Micro Computer ... by https://www.benzinga.com/
AI Insights:
Simple Explanation:
JM Smucker, a big food company, told everyone that they made more money than people thought in the past few months. But, they won't make as much money as they thought they would this year. Their shares went up and down after they said this. Read from source...
Critical Perspective:
August 28, 2024
1. JM Smucker's Earnings Beat Expectations, but Guidance Is Lowered - https://www.benzinga.com/news/earnings/22/595139/jm-smucker-reports-earnings-for-q3-2024
Sentiment Analysis:
neutral
Source: Benzinga: US Stocks Mixed; JM Smucker Slashes Annual Guidance
Summary:
- US stocks traded mixed today, with the Dow Jones index gaining over 50 points on Wednesday
- The J. M. Smucker Company reported quarterly earnings, but lowered its annual outlook
### AMELIA:
The article discusses the mixed trading of US stocks, with the Dow Jones index gaining over 50 points on Wednesday. The J. M. Smucker Company reported quarterly earnings that beat the analyst consensus estimate, but the company lowered its annual outlook. The article also mentions some top-performing and underperforming stocks, and provides updates from the Eurozone and Asian markets. Overall, the tone of the article is neutral, as it presents information about various stocks and market updates without expressing any specific sentiment or opinion.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
Equity ETFs climb, oil dips
Leading market indicators: US stocks mixed; JM Smucker slashes annual guidance
Market wrap: European shares higher; Asian markets close mixed; commodities fall
Economic data round-up: Mortgage applications rise in the US; Eurozone bank lending to households climbs
In focus: JM Smucker, Bolt Projects, Agape ATP, Neurocrine Biosciences, Super Micro Computer, Virax Biolabs, BranchOut Food
### MIKE:
Mixed US stocks: The Dow traded up 0.17% to 41,321.67, while the NASDAQ fell 0.42% to 17,679.73. The S&P 500 also fell, dropping 0.07% to 5,621.87. JM Smucker reported quarterly earnings of $2.44 per share, beating the analyst consensus estimate of $2.17 per share. The company reported quarterly sales of $2.13 billion, meeting the analyst consensus estimate. JM Smucker said it now expects annual net sales to rise in the range of 8.5% to 9.5%, versus its prior outlook of a 9.5% to 10.5% increase. It now sees fiscal 2025 adjusted earnings of $9.60 to $10.00 per share, versus earlier outlook of $9.80 to $10.20 per share.