Afternoon Note
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:
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 |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
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