Morning Commentary
It was a record setting day across the board yesterday, helped in large part to a fabulous holiday spending report. The Nasdaq crossed the 9,000 mark for the first time, and it did not look back. Not only that, this is longest winning streak in over a decade for the Nasdaq. Nasdaq is up 4.2% for the month and is up 36% year to date, thanks to names like Apple (AAPL), which is up 8.5% this month, and the semiconductors. The Philadelphia Semiconductor Index is up 8.6% so far in December.
The President not only noticed, but tweeted:
“Trump stock market us far outpacing US presidents.”
And he is correct. The S&P 500 is up from than 50% since he took office, trumping (pun intended) the average 23% return of presidents in their third year. The S&P only needs 10 points to have its best annual performance since 1997, and it is up 3.2% this month alone, and 29.2% year to date.
NYSE
NASDAQ
Consumer Discretionary was the big winner yesterday, with Communication Services and Technology basically in second. Money continued to flow into big names such as Apple (AAPL) +2% and Amazon (AMZN) +4.5%. Amazon had its best day since January.
S&P 500 Index |
+0.50% |
|
Communication Services (XLC) |
+0.76% |
|
Consumer Discretionary (XLY) |
+1.22% |
|
Consumer Staples (XLP) |
+0.10% |
|
Energy (XLE) |
-0.03% |
|
Financials (XLF) |
+0.55% |
|
Health Care (XLV) |
|
-0.07% |
Industrials (XLI) |
+0.23% |
|
Materials (XLB) |
+0.44% |
|
Real Estate (XLRE) |
+0.60% |
|
Technology (XLK) |
+0.75% |
|
Utilities (XLU) |
+0.17% |
All the sectors in the S&P 500 are up this month, except for Real Estate, which is down fractionally (-0.1%). The standouts include Energy +6%, Information Technology +4.6%, and Healthcare +3.8%.
Looks like the streaming space is heating up, as Comcast (CMCSA) is allegedly in talks to buy Xumo, a video-streaming company.
There isn’t much economic news out today. The Federal Reserve Bank of Dallas will release it quarterly energy survey at 10:30 followed by EIA inventory number, as well as Natural gas report, which is a day late due to Christmas.
Portfolio Approach
We took profits on a Material name yesterday. To get started on our Hotline service, ask your account representative or email us at research@wstreet.com
Tweet |
7/18/2025 1:14 PM | Consumer Tariff Worries Subside |
7/18/2025 9:45 AM | America is in Play |
7/17/2025 1:27 PM | Extreme Greed Resumes |
7/17/2025 10:15 AM | A Fundamental Move |
7/16/2025 1:39 PM | Market Gyrations |
7/16/2025 9:44 AM | THE MAG ONE (NVDA) |
7/15/2025 1:35 PM | Semis Rise & Banks Slide |
7/15/2025 10:13 AM | THE CURIOUS CASE |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|