It is almost the inverse of yesterday. The market is higher, but leadership has shifted, with Utilities at the head of the class today.
Consumer Staples down a bunch on that Proctor and Gamble (PG)report that saw more than a two trillion dollar increase in costs.
Consumer Discretionary names weighed down by Ulta Beauty (ULTA), which updated long term targets, and sees sales up 5-7% annually from FY22 to FY24 and comp stores +3 to 5%.- not the stuff of growth juggernauts. Management plans to open 50 stores annually.
All eyes are on Netflix (NFLX), which reports after the close. Propelled by Squid Games, the thinking is the company will beat and guide higher. Obviously, anyone long already is used to volatility. But the stock historically stumbles on earnings.
Crude keeps edging higher, as are bond yields, which is helping Financials.
Products & Services |
In The Media |
About Us |
All Rights Reserved.