September 18, 2019

China & Buffett support stong session

The Market:

A strong overnight session in China which was triggered by changes to the latest monetary policy report and also on reports that China will overhaul state-owned enterprises helped get the market started and then Warren Buffett and Berkshire Hathaway (BRK.A, BRK.B) helped fan the fire by first purchasing Precision Cast Part (PCP) for $235/share in cash and then during an interview noted that he likes IBM (IBM) and answered a question about if he is buying that people should check the SEC filings in the coming days.  The Dow (DIA) led today’s rally.

Energy (XLE) was the biggest winner finishing up over 3% on the session as crude oil traded roughly 2% higher on the day.  Also having a strong session was Materials (XLB), Industrials (XLI), Technology (XLK), and Retail (XRT) which finished up X%, X%, X%, and X% respectively.  Utilities (XLU) are often defensive plays and today was all about offense which left XLU the only declining sector finishing down 0.41%.

This week’s Economic Calendar is below.  Looks like we are getting all the Fed speak for the week out of the way early.


Index & Sector performance 8/10/15


Economic Calendar week of 8/10/15


Reported EPS 8/10/15 After the Close:

Reporting EPS 8/10/15 After the Close


Reporting EPS 8/11/15 Pre-Market:

Reporting EPS 8/11/15 pre-market


Analyst Comments:

Upgrades 8/10/15

Downgrades 8/10/15

Initiations 8/10/15


**There were many more Price Target Changes than what is listed below.**

Price Target Changes 8/10/15

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