Afternoon Note
By Karina Hernandez, Senior Research Analyst
7/20/2022 1:43 PM
Major indices pared gains after the news came out that Google (GOOGL) will pause its hiring for the rest of the year. The market is seeing the same reaction as similar news from Apple (AAPL) from Monday.
Regardless, all major indices continue to be above its 50-day moving average, although off the highs.
Netflix (NFLX) is providing support on the growth side and making Communication Services the best performing sector.
|
S&P 500 Index |
+0.52% |
|
|
Communication Services XLC |
+1.22% |
|
|
Consumer Discretionary XLY |
+1.10% |
|
|
Consumer Staples XLP |
-0.69% |
|
|
Energy XLE |
+0.26% |
|
|
Financials XLF |
-0.23% |
|
|
Health Care XLV |
-0.83% |
|
|
Industrials XLI |
+0.31% |
|
|
Materials XLB |
-0.35% |
|
|
Real Estate XLRE |
-0.24% |
|
|
Technology XLK |
+1.15% |
|
|
Utilities XLU |
-0.55% |
Don’t look now, but there are serious cracks in the housing boom. Mortgage applications dropped to a 22-year low. Existing home sales for last month swooned down 5.4%, the street was looking for a more modest decline of 1.1%.
If the Fed is looking to curb the wealth effect, it has to bust the housing boom.
Tesla (TSLA) reports after the close, the stock has rallied twice on the same day they reported in the last six quarters.
|
Earnings Stock Reaction TSLA |
1 Week |
1 Day |
|
4/20/22 |
-10.4% |
+2.5% |
|
1/26/22 |
-3.3% |
-11.5% |
|
10/20/21 |
+20.1% |
+3.4% |
|
7/26/21 |
+8.2% |
-1.7% |
|
4/26/21 |
-6.8% |
-4.2% |
|
1/27/21 |
-1.7% |
-3.9% |
| Tweet |
Log In To Add Your Comment
| 12/26/2025 12:47 PM | Slow Session |
| 12/26/2025 9:30 AM | The Market’s Gift: New Heights |
| 12/24/2025 9:10 AM | HO HO HO, MERRY CHRISTMAS |
| 12/23/2025 1:35 PM | Just In Time For Santa |
| 12/23/2025 9:26 AM | STRONG START TO A SHORTENED TRADING WEEK |
| 12/22/2025 1:37 PM | Broad Strength |
| 12/22/2025 9:26 AM | GETTING READY FOR THE YEAR-END |
| 12/19/2025 1:40 PM | Is Santa Coming? |
| 12/19/2025 9:38 AM | DEAR SANTA |
| 12/18/2025 1:44 PM | Markets Enthusiastic |
| 12/18/2025 9:28 AM | ORACLE CONTINUES TO HAUNT THE AI TRADE |
| 12/17/2025 1:23 PM | Technology Slides |
| 12/17/2025 9:40 AM | SPRING LOADED |
| 12/16/2025 1:44 PM | Drifting Lower |
| 12/16/2025 9:41 AM | JOBS DATA ARRIVES (FINALLY!) |
| 12/15/2025 1:27 PM | Choppy Action |
| 12/15/2025 9:38 AM | LOOKING FOR A NUDGE |
| 12/12/2025 1:29 PM | Friday Fury |
| 12/12/2025 9:45 AM | DO YOU HEAR WHAT I HEAR? |
| 12/11/2025 1:41 PM | Buyers Emerged |
| 12/11/2025 9:34 AM | THE GRINCH WHO SAVED CHRISTMAS |
| 12/10/2025 1:30 PM | The Street Awaits Fed’s Decision |
| 12/10/2025 9:41 AM | POWELL TAKES CENTER STAGE |
| 12/9/2025 1:27 PM | Fed on Deck |
| 12/9/2025 9:31 AM | NVDA GETS THE GREEN LIGHT |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|