Three-in-five S&P 500 stocks’ news sentiment stays above 12-month average in July: Heckyl

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News sentiment for 308 companies from the S&P 500 index stood above 12-month average in July 2017, according to a study conducted by Heckyl Technologies. Many of these companies are from financials, consumer discretionary, industrials, and health care sectors.

Overall news sentiment for S&P 500 companies remained buoyant in July. News sentiment average for July was positive for 474 companies indicating overall optimism in the S&P 500 index, the leading indicator of US equities.  

At the same time, 56 companies primarily from health care, financials, and industrials witnessed a jump in monthly news sentiment average to 1-year high in July. Lockheed Martin Corp, Blackrock, The Charles Schwab Corp, Adobe Systems Inc and Nextera Energy were some of the companies whose monthly news sentiment average surged to 1-year high.

News Sentiment 1

On the other hand, 20 companies recorded a drop in monthly news sentiment average for July to 1-year low. 3M Company, O’Reilly Automotive, United Dominion Realty Trust, K L A-Tencor Corp and Hologic Inc were some of the companies whose monthly news sentiment average slipped to 1-year low.

News Sentiment 2

Meanwhile, monthly news sentiment average for Helmerich & Payne, 3M Company, O’Reilly Automotive and 16 other companies turned negative in July. United Rentals, Signet Jewelers Ltd, Advance Auto Parts Inc and 13 other companies’ monthly news sentiment average bounced back to positive in the previous month.

At the industry level, monthly news sentiment average was at the highest level for biotechnology; investment banking & brokerage; oil & gas refining & marketing; hypermarkets & super centers; and managed health care in July.

Industry News Sentiment

On the other hand, monthly news sentiment industry average for systems software, technology hardware, storage & peripherals; oil & gas equipment & services; automobile manufacturers; and tobacco dropped to a 1-year low in July.

Industry News Sentiment 2

To know more about Heckyl News Sentiment Study for S&P 500 companies, email us at info@heckyl.com

 

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