Here is a quick snapshot of the major markets: This has been a pretty impressive move since post-election. We've got: Indices making new highs. (Small caps & Transports leading) Offensive sectors ripping higher like Financials. USD pairs all moving lower which is indicative of a strong dollar. Metals moving lower. (Exception of copper which is suggesting the potential for global growth) Bonds hitting fresh lows for the year. And the USD index at highs last seen since 2003!
An insurance ETF, IAK, traded 55x normal volume today. These insurance companies are hot, like banks. Everyone needs insurance, rich or poor or whatever. Or they'll throw you in jail
Yeah gold looks like will go lower in the near future if the dollar continues to rally. If the fiscal spending really will cause inflation to heat up next year though, then it should be pretty bullish for gold next year. We don't even know how big the fiscal stimulus will be so it is all guess right now
the small caps russell 2k index has closed up for 10 sessions in a row for the first time since march 2013 ... it hasn't done an 11 in a row since 2003. it's up over +13% in those 10 days which would be its largest 10 day win streak on record ... the previous record was +12% back in 1991. also worth noting that the usd index is up for 9 days in a row ... it hasn't done a 10 in a row since mid-2013.
Good Friday morning Stockaholics! The weekend is almost here! Here are your Friday morning movers & news- Spoiler: 11/18 Friday's Stock News Movers: FL, ANF, PZZA, WFC, UPS, CRM, TSLA, GPS, ROST, NKE, YUM, MRVL 11/18 Friday's Stock News Movers: FL, ANF, PZZA, WFC, UPS, CRM, TSLA, GPS, ROST, NKE, YUM, MRVL & more Good day Stockaholics! Happy Friday! Frontrunning: November 18 Dollar Sees Record Winning Run Versus Euro on Trump Policy View (BBG) Dollar heads for best fortnight vs. yen since 1988 (Reuters) Jeff Sessions Said to Be Trump’s Pick for Attorney General (BBG) Flynn set to be national security adviser (Reuters) NATO Secretary General Expects to Speak With Trump ‘Very Soon’ (BBG) Hensarling Could Be Wall Street’s Best Hope or Worst Nightmare (BBG) OPEC moves closer to oil output deal as Iran gets new offer (Reuters) President Obama Meets With EU Leaders for Last Time (WSJ) Putin, Obama likely to talk on sidelines of Lima summit: Kremlin (Reuters) Trump Is Making Bond Markets Nervous (BBG) Draghi Says Recovery Is Still Reliant on ECB Policy Support (BBG) Facebook Fends Off Crises With Confidence (WSJ) Iraqi children dump Islamic State's books of violence (Reuters) Private Prisons Get a Boost From Trump (BBG) Fed’s Bullard Says Leaning Toward Backing December Rate Increase (WSJ) A $900 Billion Oil Treasure Lies Beneath West Texas Desert (BBG) Chipotle, William Ackman Near Settlement Over the Board (WSJ) Next Wild Card for Markets: Italy’s Constitutional Referendum (WSJ) China Tells Trump That Climate Change Is No Hoax It Invented (BBG) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): DRYS SGNL CRM ANF GPS FL GS AMAT GNK ROST SCTY C HP MRVL WLK EGLE DFS BBBY DAL VSAT PZZA GOLD FOSL JNJ DRNA THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Foot Locker — The athletic apparel and footwear retailer earned an adjusted $1.13 per share for the third quarter, three cents a share above estimates. Revenue was in line with forecasts, but its same-store sales increase of 4.7 percent was slightly shy of the consensus forecast for a 4.9 percent increase. Abercrombie & Fitch — The apparel retailer fell well short of estimates on both the top and bottom lines for its latest quarter, with same-store sales falling more than expected. The company pointed to weak traffic, poor performance in seasonal categories, and the overall challenges of the company's rebranding effort. The Buckle — The accessories retailer came in four cents a share short of estimates, with quarterly profit of 48 cents per share. Revenue also came up short and same-store sales dropped more than expected. Hibbett Sports — Hibbett reported quarterly profit of 66 cents per share, compared to estimates of 74 cents a share. Revenue matched estimates for the sporting goods retailer, but same-store sales increased slightly less than consensus forecasts. American Airlines Group — Citi named American as its top pick in the airline industry, citing post-merger efficiency opportunities stemming from its American's combination with US Airways. Other buy-rated airline stocks in Citi's latest report are Delta, Southwest, and Allegiant. Papa John's — KeyBanc downgraded the pizza chain to "sector weight" from "overweight," in what it terms a valuation call after the stock reached the firm's price target. Wells Fargo — BMO downgraded the bank's stock to "underperform" from "market perform," following a 15 percent move since the presidential election. BMO said it is concerned that the price no longer reflects uncertainty stemming from after-effects of the company's sales practices issues. UPS — BMO rates the delivery company's stock as "outperform" in new coverage, calling it a "premier franchise" with a strong track record of execution and strong growth prospects. Salesforce.com — Salesforce reported adjusted quarterly profit of 24 cents per share, three cents a share above estimates. The business software company also issued an upbeat forecast and said it would reach $10 billion in annual revenue by 2018. Tesla, SolarCity — Shareholders of both companies have approved the proposed combination of the two Elon Musk-controlled companies. The acquisition of the solar company by the automaker is a stock swap deal worth about $2 billion. Gap — Gap matched estimates with adjusted quarterly profit of 60 cents per share, but the apparel retailer registered its seventh straight quarter of declining sales. Gap said that customer traffic levels continue to be a challenge. Ross Stores — Ross beat estimates by six cents a share, with quarterly profit of 62 cents per share. The discount retailer's revenue also exceeded Street forecasts. Ross also reported same-store sales increased by seven percent, well above estimates, but gave cautious current-quarter guidance amid what it calls a "very promotional" environment. Williams-Sonoma — Williams-Sonoma reported adjusted quarterly profit of 79 cents per share, two cents a share above estimates. Revenue for the home goods retailer was essentially in line with forecasts, however the company gave lower-than-expected guidance for the current quarter, calling the sales environment "less certain." Yum Brands — Yum added $2 billion to its stock buyback program, with the restaurant operator planning to complete purchases of that amount by the end of 2017. Nike — The athletic apparel and footwear maker raised its quarterly dividend to 18 cents per share from 16 cents a share. Applied Materials — Applied Materials edged estimates by a penny a share, with adjusted quarterly profit of 66 cents per share. The semiconductor manufacturing equipment maker's revenue essentially in line. The company did issue lower-than-expected guidance for both earnings and revenue, amid slower growth in new orders. Intuit — Intuit doubled estimates with adjusted quarterly profit of six cents per share, while the financial software company's revenue also beat forecasts. Its current-quarter guidance is above estimates, while its full-year forecast is roughly in line. Marvell Technology — Marvell reported adjusted quarterly profit of 20 cents per share, eight cents a share above estimates The chip maker's revenue was also well above forecasts. Its performance was driven by strong growth in both its data storage and network equipment businesses. Marvell also announced a stock buyback program of up to $1 billion. Sotheby's — Sotheby's saw $277 million in sales in Thursday's contemporary art auction, higher than its forecast of $208.5 million. Amazon.com — The company is rolling out its Amazon Video service globally to 200 more countries in what's seen as a challenge to Netflix, according to The Wall Street Journal. Currently, Amazon Video is only available in the U.S., U.K., Germany, Austria, and Japan. Coca-Cola — The beverage giant struck a deal to sell its stakes in China bottling operations for about $1 billion. Monsanto — The chemical maker and Germany's Bayer have already kicked off talks to sell assets that would help the two companies win European approval of their proposed combination, according to reports. Have a good trading day to everyone in here on this Friday!
looks like cash spx & naz comp could be joining the dow 30 and small caps into new ATH territory by as soon as this morning ... dow 30 not too far off from 19K ... we may need to get those hats ready lol
Here is today's entire S&P market heat map at this hour: And here is that same heat map for the week:
The Russell 2000 is trying to go for 11 up day in a row today NASDAQ hit a new ATH today before pulling back, now only the SPX needs to join the party The market remains resilient despite rates and the dollar rising pretty quickly, at this point hard to see the Dow not to hit 19000
Financials have gone pretty much straight up since the election except a slight pullback on Wednesday
Looks like the DX is going to make it 10 days in a row on the upside here tying the streak back mid-2013. I need to go check and see when we last did an 11 in a row! What a run! And the spike down you see is not a bad tick, that was from election day. From 95 to 101 in 10 days. Wow.
