April 23, 2019

Week starts slow – GS grounds BA

Index & Sector performance 2/23/15

The Market:

Overall a flat session with the NASDAQ (QQQ) and Russell 2000 (IWM) finishing slightly higher while the Dow (DIA) and S&P 500 (SPY) finished lower.  The main drag on the DIA today was Boeing (BA) which finished down 2.26% after Goldman downgraded the name to Sell with a $132 price target.

In individual sectors it was a mixed bag with the Industrials (XLI) leading to the downside finishing down 0.43% while the Utilities (XLU) led to the upside finishing up 0.68%.  As we posted tonight in the Charts section, the XLU held a key support region and can continue to extend back higher but if that support is lost we could be looking at levels back near $40.

In Economic data, Existing Home Sales was the only data point released and came in worse than expected.  Over the next two trading sessions, the markets will be watching Janet Yellen’s testimony for any additional insights or read through as well as Tuesday’s Consumer Confidence number and Wednesday’s New Home Sales data.

Economic Calendar week of 2/23/15


Reporting EPS 2/24/15 Pre-Market:

Companies reporting EPS 2/24/15 pre-market

Analyst Comments:

Upgrades 2/23/15

Downgrades 2/23/15

Initiations 2/23/15

Price Target Changes 2/23/15

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