Afternoon Note
By Charles Payne, CEO & Principal Analyst
7/12/2019 1:50 PM
It’s another good day for the market, but it would be even greater if not for the travails of one company. Johnson and Johnson (JNJ) shares are under pressure after reports the Department of Defense has begun a criminal probe of the company potentially concealing potential cancer risks in its talc powders.
There are only four losers on the Dow Jones Industrial Average, three are drug makers including JNJ, Merck (MRK) and Pfizer (PFE). The biggest losing sector by far in the S&P 500 is Health Care.
|
S&P 500 Index |
+0.18% |
|
|
Communication Services (XLC) |
+0.31% |
|
|
Consumer Discretionary (XLY) |
+1.03% |
|
|
Consumer Staples (XLP) |
+0.34% |
|
|
Energy (XLE) |
+0.57% |
|
|
Financials (XLF) |
+0.20% |
|
|
Health Care (XLV) |
-1.71% |
|
|
Industrials (XLI) |
+1.30% |
|
|
Materials (XLB) |
+0.63% |
|
|
Real Estate (XLRE) |
-0.61% |
|
|
Technology (XLK) |
+0.60% |
|
|
Utilities (XLU) |
-0.38% |
Beyond the JNJ news, the market seems to be sighing relief after two days of Jay Powell on Capitol Hill.
Going into the weekend at record highs in three major equity indices would be great news for investors that have been emotionally challenged all year long.
Have a great weekend.
| Tweet |
Log In To Add Your Comment
| 4/25/2024 1:16 PM | Don't' Bury me, Yet! |
| 4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
| 4/24/2024 1:30 PM | Earnings Flood In |
| 4/24/2024 9:26 AM | BUYING THE DIP |
| 4/23/2024 1:25 PM | Bloom Off Rose |
| 4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
| 4/22/2024 1:22 PM | Pins and Needles |
| 4/22/2024 9:30 AM | LIVE BY THE SWORD … |
| 4/19/2024 1:20 PM | Fair Chunk of Rotation |
| 4/19/2024 9:35 AM | DON’T OVERREACT |
| 4/18/2024 1:37 PM | Didn’t Break Down |
| 4/18/2024 9:40 AM | MARKET OFF SCRIPT |
| 4/17/2024 1:59 PM | Facing Pressure |
| 4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
| 4/16/2024 1:35 PM | Muted |
| 4/16/2024 9:42 AM | FEAR ARRIVES |
| 4/15/2024 1:17 PM | Making a Statement |
| 4/15/2024 9:45 AM | Equal Opportunity Drubbing |
| 4/12/2024 1:37 PM | Pressure Overall |
| 4/12/2024 9:42 AM | WHO YA GONNA CALL? |
| 4/11/2024 1:38 PM | No Urgency |
| 4/11/2024 9:27 AM | Tough Sledding |
| 4/10/2024 1:22 PM | Hang In There |
| 4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
| 4/9/2024 1:56 PM | Fighting the Trend |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|