Low vol drift higher

Posted by Admin on Wednesday, December 3, 2014

Index & Sector performance 12/3/14

The Market:

Another low volume drift higher today which saw the Russell 2000 (IWM) lead and the NASDAQ (QQQ) lag even spending some time down on the session.

In individual sectors, Consumer Staples (XLP) and Utilities (XLU) were the only two from the WSC Scoreboard to finish lower which Materials (XLB), Industrials (XLI), and Energy (XLE) finished up over 1%. One name helping materials have such a strong session was LyondellBasell (LYB) which has been down significantly since September but finished today up over 2% and was up more than 3% intraday. LYB is a name to watch going forward.

In Economic data, ADP missed posting a 208K vs 223K est while ISM Non-Manufacturing PMI was better than expectations posting a 59.3 vs 57.5 est. Tomorrow Unemployment Claims are released along with some Fed speak.

Economic Calendar week of 12/1/14

Reporting EPS 12/3/14 Pre-Market:

Companies reporting EPS 12/4/ pre-market

Analyst Comments:

Upgrades 12/3/14

Downgrades 12/3/14

Initiations 12/3/14

Price Target Changes 12/3/14

Filed under Tabber, The Nightcap · Tagged with AAPL, AEP, ALDX, AMBA, ATW, BAS, BEL, BKS, BOBE, BURL, BV, CARB, CBK, CLF, CNMD, CUZ, CY, DEST, DG, DISH, DO, ECR, EMES, ESV, EVOK, EXPR, FES, FLML, HCLP, HERO, HIW, ICPT, IMPV, JCI, JCP, KEG, KR, LOCO, MET, MYCC, NE, NEWM, NLSN, NTLS, NVR, PAYC, PFG, PGN, PKY, PRU, RDC, REX, SBLK, SHLD, SLB, SNDK, SPN, STI, TASR, THS, TJX, TTC, TWX, TXRH, UA, UNFI, UNH, UVE, VNCE, WHR, WNS, WPC, WTS

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Wall Street Consensus

Low vol drift higher

The Market:

Reporting EPS 12/3/14 Pre-Market:

Analyst Comments:

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