Afternoon Note
By Charles Payne, CEO & Principal Analyst
7/20/2020 1:50 PM
Rotation continues today and its all about those monster names. There are three S&P 500 sectors higher today led by these names:
Communications
- Activision Blizzard (ATVI) and Alphabet/Google (GOOG/L)
Consumer Discretionary
- Amazon (AMZN), Tractor Supply (TSCO), Chipotle (CMG)
Technology
- Bio-Techne (TECH), Citrix (CTXS), ServiceNow (NOW), Adobe (ADBE)
|
+0.40% |
||
|
Communication Services (XLC) |
+0.45% |
|
|
Consumer Discretionary (XLY) |
+0.84% |
|
|
Consumer Staples (XLP) |
-1.19% |
|
|
Energy (XLE) |
-0.71% |
|
|
Financials (XLF) |
-0.33% |
|
|
Health Care (XLV) |
-0.06% |
|
|
Industrials (XLI) |
-1.36% |
|
|
Materials (XLB) |
-0.49% |
|
|
Real Estate (XLRE) |
-0.91% |
|
|
Technology (XLK) |
+1.56% |
|
|
Utilities (XLU) |
-1.36% |
The Nasdaq is the clear leader today, while the Dow has spent most of the day in the red.
Decliners are outpacing the advancers today, but new 52-week highs are still charging higher.
|
Issues: |
NYSE |
NASDAQ |
|
Advancing |
1,238 |
1,598 |
|
Declining |
1,710 |
1,682 |
|
Issues at: |
||
|
52 Week High |
99 |
147 |
|
52 Week Low |
8 |
13 |
|
Volume: |
||
|
Advancing |
1.10B |
1.51B |
|
Declining |
1.09B |
909.03M |
It is going to busy a week for earnings. Big names such as Intel (INTC), Microsoft (MSFT) and Tesla (TSLA) are among the companies set to report.
Covid-19 cases and potential economic stimulus is weighting on investors minds. Treasury Secretary Mnuchin is expected to meet some key Republican Senators including Mitch McConnell to review a proposed $1 trillion package. While a big number, it’s quite a bit smaller than the $3.5 trillion proposal from the Democrats.
Let’s not force the issue this afternoon.
| Tweet |
Log In To Add Your Comment
| 9/18/2025 1:23 PM | Rate Cut Rally |
| 9/18/2025 9:48 AM | Risk Management Cut |
| 9/17/2025 1:33 PM | Fed on Deck |
| 9/17/2025 9:43 AM | Champing at the Bit |
| 9/16/2025 1:33 PM | All Eyes on the FOMC Meeting |
| 9/16/2025 10:05 AM | Growth Leads the Way |
| 9/15/2025 1:36 PM | Solid Rally |
| 9/15/2025 9:50 AM | It's Still Tech As We Await the Fed |
| 9/12/2025 1:28 PM | Mega-Caps Move Higher |
| 9/12/2025 9:32 AM | JAILBREAK |
| 9/11/2025 1:39 PM | Rally Continues |
| 9/11/2025 10:08 AM | All AI All the Time |
| 9/10/2025 1:55 PM | The Oracle Effect |
| 9/10/2025 9:50 AM | PARTY IN WHOVILLE |
| 9/9/2025 1:50 PM | Sharp BLS Revision |
| 9/9/2025 9:48 AM | Tech & Large Cap Safety |
| 9/8/2025 1:29 PM | Technology Leads Again |
| 9/8/2025 9:34 AM | FOREBODING |
| 9/5/2025 1:29 PM | Jobs Data Digest |
| 9/5/2025 9:55 AM | JOBS DAY (BUCKLE UP) |
| 9/4/2025 1:07 PM | Stocks Rise and Yields Sink |
| 9/4/2025 9:45 AM | MOSTLY BLAND |
| 9/3/2025 1:48 PM | Big Tech Rebounds |
| 9/3/2025 9:41 AM | NOT AN EMOTIONAL RELEASE (YET) |
| 9/2/2025 1:37 PM | Gloomy Start |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|