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Morning Commentary

Amazing Year, New Year Begins Higher

By Charles Payne, CEO & Principal Analyst
1/2/2020 10:42 AM

What an amazing year 2019. On Friday, the markets were in and out of the green most of the day.  But in the last hour of trading, investors logged back in for one more round of cheer and started buying stocks. 

 New Year’s Eve Splurge

3:00 PM

4:00 PM

Dow Jones Industrial Average

28,677

28,645

S&P 500

3,243

3,239

NASDAQ Composite

9,020

9,006

Russell 2000

1,342

1,671

 

Nasdaq was the top performer in 2019, but all the major indices returned excellent results. Nasdaq and the S&P 500 had the best percentage gains since 2013.

During 2019, the S&P 500 had:

All the sectors were up on the year, and only Energy was down on the day.  Technology was the best performer and energy was the worst.

S&P 500 Index

YTD

12/31/2009

Communication Services (XLC)

31.77%

0.19%

Consumer Discretionary (XLY)

26.50%

0.14%

Consumer Staples (XLP)

 25.22%

 0.10%

Energy (XLE)

3.30%

0.57%

Financials (XLF)

28.64%

0.33%

Health Care (XLV)

 20.16%

 0.20%

Industrials (XLI)

27.76%

-0.06%

Materials (XLB)

21.92%

 0.74%

Real Estate (XLRE)

28.86%

0.70%

Technology (XLK)

49.98%

0.32%

Utilities (XLU)

27.76%

0.39%

 

 The best performing stocks in the S&P 500 include: 

Symbol

Company

                 YTD Change

 AMD

Adv Micro Devices

148.43%

 LRCX

Lam Research Corp

114.73%

 KLAC

K L A-Tencor Corp

99.09%

 TGT

Target Corp

93.99%

 CMG

Chipotle Mexican Grill

93.87%

 QRVO

Qorvo Inc

91.39%

 CPRT

Copart Inc

90.33%

 XRX

Xerox Corp

86.59%

 AMAT

Applied Materials

86.44%

 AAPL

Apple Inc

86.16%

But it was not rosy for all companies, the biggest S&P losers include:

Symbol

Company

YTD Change

 M

Macy's Inc

-42.91%

 OXY

Occidental Petroleum Corp

-32.86%

 GPS

Gap Inc

-31.37%

 LB

L Brands Inc

-29.41%

 DXC

Dxc Technology Company

-29.30%

 MYL

Mylan NV Ord Shs

-26.64%

 MOS

Mosaic Company

-25.92%

 KHC

Kraft Heinz Company

-25.35%

 ADS

Alliance Data Systems Corp

-25.24%

 

Today’s Session

It’s a new year, and the markets are off to the races and nearing record highs. Once again, the Nasdaq is the top performer, up .82% on the day.

Portfolio Approach

We are adding a new position to Consumer Discretionary.


 

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