Afternoon Note
By Charles Payne, CEO & Principal Analyst
4/19/2021 1:49 PM
Major indices are retracing from last week’s record-setting with no known catalyst. A batch of better-than-expected earnings were reported this morning with Coca-Cola (KO) and Harley-Davidson (HOG) beating analysts’ expectations. HOG also raised its full-year guidance, which gave the stock an additional boost.
All 11 sectors of the S&P 500 are in red. Technology is the worst performer with semiconductors lagging. The PHLX Semiconductor Index is down 3.2%, trimming its April gain.
|
S&P 500 Index |
|
-0.73% |
|
Communication Services XLC |
|
-0.95% |
|
Consumer Discretionary XLY |
|
-1.10% |
|
Consumer Staples XLP |
|
-0.11% |
|
Energy XLE |
|
-0.64% |
|
Financials XLF |
|
-0.34% |
|
Health Care XLV |
|
-0.26% |
|
Industrials XLI |
|
-0.61% |
|
Materials XLB |
|
-0.81% |
|
Real Estate XLRE |
|
-0.07% |
|
Technology XLK |
|
-1.28% |
|
Utilities XLU |
|
-0.48% |
The market breadth is weak with more losers than winners.
|
Market Breadth |
NYSE |
NASDAQ |
|
Advancing |
975 |
877 |
|
Declining |
2,298 |
3,255 |
|
52 Week High |
203 |
127 |
|
52 Week Low |
27 |
88 |
|
Up Volume |
649.98M |
843.21M |
|
Down Volume |
1.36B |
1.57B |
Very intriguing action spotted in auto retailers this afternoon. The latest Apple Mobility Trends show driving is still on the rise.
The market is vulnerable to this short-term weakness but offer opportunities to find ideas.
| Tweet |
Log In To Add Your Comment
| 5/7/2021 1:56 PM | Jobs Debacle |
| 5/7/2021 9:44 AM | BRACING FOR HISTORY |
| 5/6/2021 1:13 PM | According to Script |
| 5/6/2021 9:28 AM | Giants Tied Down |
| 5/5/2021 1:03 PM | Still Guarded |
| 5/5/2021 9:30 AM | JANET CHANGES COURSE, WHILE SHE WAS CHANGING COURSE |
| 5/4/2021 1:24 PM | Rough Day |
| 5/4/2021 9:40 AM | Mixed Market |
| 5/3/2021 1:32 PM | Marching Higher |
| 5/3/2021 9:25 AM | May Flowers |
| 4/30/2021 1:20 PM | Firing On All Cylinders |
| 4/30/2021 9:39 AM | MYTHICAL WARRIOR, MIGHTY RIVER, UNSTOPPABLE COMPANY |
| 4/29/2021 2:02 PM | Not Enough |
| 4/29/2021 9:29 AM | POWELL STANDS FIRM AND AMERICAN EXCELLENCE ON FULL DISPLAY |
| 4/28/2021 1:10 PM | Architect |
| 4/28/2021 9:19 AM | NOT A SMOOTH RIDE |
| 4/27/2021 1:29 PM | Waiting on Earnings |
| 4/27/2021 9:25 AM | CYBERSECURITY & HUMAN ELEMENT |
| 4/26/2021 1:31 PM | Stall Mode |
| 4/26/2021 9:30 AM | BRACING FOR ANOTHER SLUGFEST � |
| 4/23/2021 1:48 PM | Finally! |
| 4/23/2021 9:24 AM | TRIAL BALLOON OR LEAD BALLOON (ZEPPELIN) |
| 4/22/2021 1:40 PM | Gravitational Pull |
| 4/22/2021 9:14 AM | Up, Up and Away |
| 4/21/2021 1:42 PM | Kind Session |
| Complete commentary archives |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|