June 22, 2018

EPS helped shrug off bad overseas data

Index & Sector performance 11/20/14

The Market:

It doesn’t look like the S&P 500 (SPY) had a strong session but considering the futures were down roughly 10 points pre-market reportedly due to weak data out of Europe and China, to finish up a few points is a strong showing.  Yesterday’s laggard was today’s leader as the Russell 2000 (IWM ) finished up over 1% clawing back most of yesterday’s losses and the Dow (DIA) was helped by Intel (INTC) which gained 4.66% after announcing a dividend hike and solid 2015 expected revenue growth.

In individual sectors, Retail (XRT) led today as Best Buy (BBY) finished 6.98% higher after reporting better than expected earnings in the pre-market.  Another retailer moving higher on earnings was Kirkland (KIRK) which closed up an astonishing 24.54% after a beat and raise.  Also putting in a strong showing was Energy (XLE) which finished up 1.25%.  Above $88 and the XLE could really get moving to the upside but trader’s should remain nimble with stops.

Big Economic day with a lot of data including CPI which beat and Core CPI which met expectations while Unemployment Claims came in soft.  We have no scheduled data for tomorrow.

 

Economic Calendar week of 11/17/14

 

Reporting EPS 11/21/14 Pre-Market:

Companies reporting EPS 11/21/14 pre-market


Analyst Comments:

Upgrades 11/20/14

Downgrades 11/20/14

Initiations 11/20/14

Price Target Changes 11/20/14

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