Heckyl News Analytics
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.
HCL Infosystems, an IT hardware and systems integrator, recorded a surge in share price on Tuesday (Jul. 18, 2017) after the leading financial daily stated Apple is likely to form distribution tie up with the company.
While clarifying on the media reports, the company said it is in various stages of discussion with multiple original equipment manufacturers (OEMs) for distribution arrangement of their products.
HCL Infosystems, which has a strong presence across the country, witnessed a huge buying interest in the stock market on the hopes of distribution tie up with the iPhone maker.
The stock rallied 18.74 percent to settle above 200-day moving average on Tuesday. Moreover, the volume of shares also spiked 21 times over the past 30-days average.
Surge in growth-oriented news flow in H1’17 signals improvement in India Inc business confidence: Heckyl
News flow related to growth-oriented business activities touched the highest level in 2-1/2 years indicating improvement in the business confidence of Indian companies, according to a study conducted by Heckyl, a leading Fintech engaged in news and financial data analytics.
Heckyl has analyzed news data for all the listed companies in India for the past 2-1/2 years covering over 51,000 growth-oriented news items for 1,915 companies.
The first half of 2017 witnessed a year-on-year rise of 15.10% and 11.20% over second half of 2016 in news items featuring growth-oriented business activities. At the same time, the number of companies mentioned in the growth-oriented news items has also grown 24.3% on a y-o-y basis and 23.7% over preceding six months.