January 24, 2019

Few market participants on Yom Kippur

The Market:

Overall it was a low volume range bound trading session as volume was light and many market participants were out in observance of Yom Kippur.

Crude oil traded sharply lower today which hurt the XLE but the biggest loser on the WSC Scoreboard was Materials (XLB) which finished down -2.13%.  The biggest losers in the XLB included CF Industries (CF), Mosaic (MOS), and Freeport-McMoRan (FCX) closing down -6.58%, -5.67%, and -5.64% respectively but it is also worth noting that 4 of the top 5 weighted stocks in the XLB were down over 2% on the session.  You can review all the XLB component’s performance from today on our StockTwits page.

Looking at the Economic Calendar, over the next two trading days we have Core Durables, Unemployment Claims, Janet Yellen speaking, and GDP.

 

Index & Sector performance 9/23/15

 

Economic Calendar week of 9/21/15

 

Reported EPS 9/23/15 After the Close:

Companies reporting EPS 9/23/15 After the Close

 

Reporting EPS 9/24/15 Pre-Market:

Companies reporting EPS 9/24/15 pre-market

 

Analyst Comments:

Upgrades 9/23/15

Please note and Error in the Downgrades listed below.  The previous Price Target was $77 and that price target was removed but there was not one put in its place.  The analyst likes KMX long-term but TheFlyOnTheWall.com reported that the analyst said the stock could retest the recent multiple lows which would equate to a low $50’s price.

Downgrades 9/23/15

Initiations 9/23/15

Price Target Changes 9/23/15

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