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Afternoon Note

Waiting on Earnings

By Charles Payne, CEO & Principal Analyst
4/27/2021 1:29 PM

The major indices have been trading in a relatively narrow range all day as investors await more earnings from some mega cap/momentum names this evening.  Five of the 11 sectors in the S&P are in the green with Industrials leading the way higher. Meanwhile, Healthcare is the laggard.

S&P 500 Index

 

-0.02%

Communication Services XLC

 

-0.20%

Consumer Discretionary XLY

+0.11%

 

Consumer Staples XLP

+0.04%

 

Energy XLE

+0.42%

 

Financials XLF

+0.25%

 

Health Care XLV

 

-0.42%

Industrials XLI

+0.50%

 

Materials XLB

 

-0.25%

Real Estate XLRE

 

-0.01%

Technology XLK

 

-0.15%

Utilities XLU

 

-0.36%

Breadth is pretty even on the NYSE, while decliners lead advancers on the Nasdaq.  However, volume continues to be light.

Market Breadth

NYSE

NASDAQ

Advancing

1,597

1,828

Declining

1,599

2,241

52 Week High

219

160

52 Week Low

5

17

Up Volume

974.83M

1.32B

Down Volume

961.09M

1.47B

After the bell we get earnings from the companies listed below.  Here is a preview of expectations:

 


 

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