Afternoon Note
By Charles Payne, CEO & Principal Analyst
10/16/2019 1:41 PM
The market continues to grapple for traction, but mixed earnings and economic data make it tough to really get out of the gate.
Considering headline retail sales report, the action in consumer discretionary names is very intriguing. There is serious bottom fishing with big winners including:
- Capri (CPRI)
- Gap Stores (GPS)
- Macy’s (M)
|
S&P 500 Index |
-0.06% |
|
|
Communication Services (XLC) |
+0.18% |
|
|
Consumer Discretionary (XLY) |
+0.32% |
|
|
Consumer Staples (XLP) |
-0.05% |
|
|
Energy (XLE) |
-0.34% |
|
|
Financials (XLF) |
-0.11% |
|
|
Health Care (XLV) |
+0.26% |
|
|
Industrials (XLI) |
+0.38% |
|
|
Materials (XLB) |
+0.76% |
|
|
Real Estate (XLRE) |
-0.53% |
|
|
Technology (XLK) |
-0.76% |
|
|
Utilities (XLU) |
-0.07% |
On the flip side, technology looks ugly today with Workday (WDAY) taking it on the chin after their Investor’s Day yesterday. I’ve gone through most reports and I can’t see why selling is this intense. Meanwhile, all eyes are on Netflix (NFLX) which got hammered four of the last five earnings releases.
Other key financial releases after the bell and market reaction
|
Last Quarter Earnings Reaction |
One week |
One day |
|
NFLX |
-12.3% |
-10.3% |
|
IBM |
+4.9% |
+4.6% |
|
CSX |
-12.0% |
-10.1% |
|
URI |
-3.7% |
-7.9% |
| Tweet |
Add Your Comment
| 7/10/2020 9:22 AM | THE CHASM WIDENS |
| 7/9/2020 1:45 PM | Interesting Reaction |
| 7/9/2020 9:15 AM | FED SPREADS HOPE, NOT MONEY |
| 7/8/2020 1:19 PM | Narrow Ranges |
| 7/8/2020 9:31 AM | TAKING A BREAK |
| 7/7/2020 1:43 PM | Job Openings in America Climb Faster Than Expected |
| 7/7/2020 9:38 AM | FORGING AHEAD ON EVOLVING NARRATIVES |
| 7/6/2020 1:22 PM | Go-Go Growth |
| 7/6/2020 9:40 AM | HAVE THE SUMMER DOLDRUMS ARRIVED? |
| 7/2/2020 2:23 PM | Happy Independence Day |
| 7/2/2020 9:47 AM | JOBS & RECOVERY HOPES |
| 7/1/2020 1:47 PM | Mixed Start |
| 7/1/2020 9:29 AM | IN WITH A WHIMPER, OUT WITH A BANG |
| 6/30/2020 1:21 PM | Rubbernecking the Testimony |
| 6/30/2020 9:18 AM | BOUNCING BACK |
| 6/29/2020 1:25 PM | Housing Rebound |
| 6/29/2020 9:04 AM | Buying the Dip in the Age of Coronavirus |
| 6/26/2020 1:59 PM | Impressed So Far |
| 6/26/2020 9:30 AM | LOOKING FOR FRESH LEADERSHIP |
| 6/25/2020 2:02 PM | Easing Restrictions |
| 6/25/2020 9:13 AM | Commentators Pounce |
| 6/24/2020 1:59 PM | Due for a Breather |
| 6/24/2020 9:38 AM | GETTING OVER THE HUMP |
| 6/23/2020 1:25 PM | Runaway Trains |
| 6/23/2020 9:14 AM | YOUR FAVORITE STORES TO TAKE THE LEAD |
| Complete commentary archives |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|