December 14, 2017

The NightCap

The Market:

A lower close for all 4 main indices on the WSC Scoreboard as the Russell 2000 (IWM) led to the downside while the NASDAQ (QQQ) was the relative outperformer.

The Retail (XRT) sector was the biggest loser on the WSC Scoreboard followed closely by Energy (XLE).  Unlike some other sectors, the XRT is not heavily weighted in a few stocks and, as of 11/10/15, has no stock weighted more than 1.27% so when you see strong moves up or down, like today, it is due to a majority of the names trading in that direction.  Bucking the trend in the XRT was Amazon (AMZN) and Wayfair (W) which finished up 2.15% and 5.45% respectively.

Money flowed into the Utilities (XLU) with nearly all the components trading higher on the session.  PPL (PPL) and FirstEnergy (FE) were notable gainers both finishing up over 2% on the session.  A notable loser in the XLU was NRG Energy (NRG) which finished down -4.05% and is not far off its 52 week lows.

Tomorrow and Friday and the two biggest Economic news/data days of the week starting with Unemployment Claims at 8:30 am ET followed by Fed Chair Janet Yellen speaking at the open and then PPI and University of Michigan Consumer Sentiment on Friday.

 

A heartfelt thank you goes out to all of our Veterans.  The words never feel like enough to truly convey my appreciation for your courage and sacrifice.  You are all our heroes!

 

Index & Sector performance 11/11/15

 

Economic Calendar week of 11/9/15

 

Reported EPS 11/11/15 After the Close:

Companies reporting EPS 11/11/15 After the Close

 

Reporting EPS 11/12/15 Pre-Market:

Companies reporting EPS 11/12/15 pre-market

 

Analyst Comments:

Upgrades 11/11/15

Downgrades 11/11/15

Initiations 11/11/15

Price Target Changes 11/11/15

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