Afternoon Note
The market has been spinning its wheels this session with earnings applying upside pressure and odd communications from administration officials on next week’s trade meeting with China.
Interestingly, the biggest losing sector, consumer discretionary, shouldn’t be such an anchor for the board market. But it’s being pulled down by McCormick (MKC), which is the biggest loser, as it continues a slide that began in December after the stock rallied 50% for 2018.
Meanwhile, chip stocks are holding up nicely following great earnings beats lead by the spike in Xilinx (XLNX), which is at a new all-time high. Now, all eyes are on Intel (INTC), which reports after the close.
But it’s the results reflecting the American consumer, which should be the key takeaway for investors, even as major indices vacillate.
S&P 500 Index |
-0.09% |
Communication Services (XLC) |
-0.21% |
Consumer Discretionary (XLY) |
0.06% |
Consumer Staples (XLP) |
-1.60% |
Energy (XLE) |
0.62% |
Financials (XLF) |
0.08% |
Health Care (XLV) |
-0.96% |
Industrials (XLI) |
0.50% |
Materials (XLB) |
-0.57% |
Real Estate (XLRE) |
0.12% |
Technology (XLK) |
0.78% |
Utilities (XLU) |
-0.16% |
Keep an eye on market breadth more than the moves in big indices.
NYSE
NASDAQ
Comments |
Charles, why doesn't the fake news report the qualifiers, with THEIR negative quotes from president Trump people? I know it's the DEMS propaganda NETWORK news media, but shouldn't president Trump sign an executive action to be able to fine, financially sue, and possibly criminalize the blatant ACTS COMMITTED AGAINST USA CITIZENS? Charles PAYNE, you are the Voice, Reason, Facts & truth reporting on FBN. Charles you should be praised & given a Raise sir, it is deserved, earned, consistent RESPECTABLE JOB. THANK YOU Charles PAYNE. President Trump we FULLY support you, please let Charles PAYNE get the next Full interview before State of the union address. J on 1/24/2019 2:32:12 PM |
Looks like traction to the positive incline in the stock to match the economy's successes... Andrew B Newallo on 1/25/2019 10:18:49 AM |
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