January 24, 2019

Can EPS decouple market from Oil?

Index & Sector performance 1/12/15

The Market:

We noted in the Thursday end-of-day write-up that the strong gains had to do with positive comments from Mario Draghi as well as Oil prices managing to stabilize for the second straight session.  Unfortunately after managing to hold in Friday,  Oil prices resumed their recent slide today finishing below $46/per barrel.  As we have noted in other write-ups and you can see elsewhere, Oil’s sharp decline brings in concern over global growth and particularly U.S. earnings.  Speaking of earnings, Aloca (AA) is scheduled to kick off the earnings season tonight and below you can see the companies scheduled to report tomorrow before the bell.  We will continue to bring you the companies scheduled to report via StockTwits.

As would be expected the leader to the downside was Energy (XLE) but Technology (XLK) also posted a strong down session finishing over 1% lower.  Bucking today’s downward trend was Retail (XRT) and HeathCare (XLV) finishing up 0.21% and 0.04% respectively.

The bulk of this week’s Economic data is scheduled for the end of the week with (Core) Retail Sales Wednesday, PPI, Unemployment Claims, and Philly Fed Manufacturing Thursday, and CPI and Consumer Sentiment Friday.

 

Economic Calendar week of 1/12/15

 

Reporting EPS 1/13/15 Pre-Market:

 

Companies reporting EPS 1/13/15 pre-market


Analyst Comments:

Upgrades 1/12/15

Downgrades 1/12/15

Initiations 1/12/15

 

A Sample of today’s Price Target changes are below but the full list can be reviewed HERE.

 

Price Target Changes 1/12/15

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