October 22, 2018

Short week, low vol, mixed results

Index & Sector performance 6/30/14

The Market:

An overall mixed session saw the Russell 2000 and NASDAQ finish higher while the Dow and S&P 500 finished slightly lower.  Volume was down which will likely be a trend this shortened holiday trading week.

In Individual sectors, the Utilities (XLU) led and earlier in the session the Transportation sector (IYT) was a relatively close second but a late day sell off put it just behind the Materials (XLB) and in-line with Retail (XRT).  The largest gainer in the Utilities was Pinnacle West Capital Corporation (PNW) which finished up 2.41% and looks like it has more upside potential but we would want to see $55.50 hold as support.

This week’s Economic Calendar is fairly packed especially considering this is a shortened trading week.  Starting things off, Chicago PMI came in slightly worse than expected but Pending Home Sales was up 6.1% crushing forecasts.


Economic Calendar week of 6/30/14


Reporting EPS 7/1/14 Pre-Market:

Only one name we show reporting before the open tomorrow and that is Acuity Brands (AYI).  Estimates are for $1.12.

Analyst Comments:

Upgrades 6/30/14

Downgrades 6/30/14

Initiations 6/30/14

Price Target Changes 6/30/14

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