July 19, 2018

Early momentum fades

Index & Sector performance 8/11/14

The Market:

Stocks started off the day building on Friday’s gains but near midday the S&P 500 topped out and then spent the rest of the day moving lower.  All 4 indices on the WSC Scoreboard finished the day higher but the NASDAQ (QQQ) and Russell 2000 (IWM) were the clear winners with the IWM gaining nearly 1%.

The leading sector on the day was the Consumer Staples (XLP) but the stock in the index that stood out the most was to the downside and that is Dean Foods (DF).  DF finished the day down 3.86% after announcing EPS that missed analyst expectations and more importantly guided Q3 well below expectations.  DF did manage to finish well off the intraday lows but we need to see much more from the name before we would feel comfortable looking at long opportunities.

Not much today on the Economic Calendar but there is some data worth watching including tomorrow’s ISM Non-Manufacturing PMI.

 

Economic Calendar week of 8/11/14

 

Reporting EPS 8/12/14 Pre-Market:

 

Companies reporting EPS 8/12/14


Analyst Comments:

Upgrades 8/11/14

Downgrades 8/11/14

Initiations 8/11/14

Price Target Changes 8/11/14

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