As of April 17, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Companies Reporting Before The Bell
• Kore Group Holdings (NYSE:KORE) is estimated to report quarterly loss at $0.05 per share on revenue of $77.79 million.
Companies Reporting Before The Bell
• Northern Technologies (NASDAQ:NTIC) is estimated to report quarterly earnings at $0.18 per share on revenue of $21.00 million.
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the "Greed" zone on Wednesday.
U.S. stocks closed higher on Wednesday before inflation data and earnings were released. The consumer price index for December is scheduled for release on Thursday, while the producer price index will be released on Friday.