Good Tuesday to all. Here is this morning's pre-market thread for those of you wanting to get a quick market read before today's open- <-- click there to read! Hope everyone a great trading day ahead today!
Near HOD and well above 2600 now NFLX, the FANG names and the growth stocks seem to be leading this market higher today.
Wow NFLX is already up over 30% for the year Will be interesting to see how they do on their earnings later this week
UK leader Theresa May suffers resounding defeat on her Brexit divorce deal https://www.cnbc.com/2019/01/15/theresa-may-loses-brexit-vote-in-parliament.html British pound actually well off the lows vs the dollar after the result, might even turn positive
just came across this bit of stat and thought to share in here as well, but since 1950 when the SPX has been up 4% or greater in the first 10 trading days to start a new year, the full year has gone on to finish higher a perfect 8 out of 8 times. only 1987 did the rest of the year finish red.
The Best and Worst Performing S&P 500 Stocks So Far in 2019 Below we take a look at the best and worst performing S&P 500 stocks since we turned the corner into the new year. The top stock in the S&P 500 so far YTD is the healthcare play Celgene (CELG). At today’s close, the company finished up an astounding 37.67% year to date. Nektar Therapeutics (NKTR) and Netflix (NFLX) are not far behind up 35.44% and 32.5%, respectively. While Health Care and Communication Services stocks make up the top three, the Energy sector is actually the most represented on the list with 11 out of 30 names. Whereas Tech was the poster child for gains for most of last year, there is only a single Technology stock in the top 30, and it’s probably the last one you’d guess — Xerox (XRX). Taking a look at the other end of the spectrum, with bankruptcy talks dominating the focus of the stock, PG&E (PCG) has fallen 70.91% in just 15 days. Macy’s ranks 2nd with a decline of 16.12%, while Newmont Mining (NEM) ranks 3rd at -10.48%. These are the only three stocks in the index down more than 10% on the year. The worst performers have a much larger variation on a sector basis. Health Care, which was another outperformer of 2018, is the only standout with 8 companies represented in the worst 30. The only sectors without a stock making this list are Real Estate, Communication Services, and Energy.
Good Wednesday to all. Here is this morning's pre-market thread for those of you wanting to get a quick market read before today's open- <-- click there to read! Hope everyone a great trading day ahead today!
China just injected a record amount of money to stimulate its economy On Wednesday, the Chinese central bank injected a net 560 billion yuan ($83 billion) into the banking system, the highest ever recorded for a single day. “At present, it is the peak of the tax period, and the total liquidity of the banking system is declining rather quickly,” the central bank said in a statement on its website. In the afternoon, the yield on the 10-year Chinese government bond fell below 3.1 percent to its lowest in more than two years, according to financial database Wind. https://www.cnbc.com/2019/01/16/chinas-central-bank-injects-record-amount-to-stimulate-economy.html
Market is up pretty nicely but mostly leading by the bank stocks after the earnings by BAC and GS this morning. The DOW is outperforming other major indexes since GS is up over 9%
Good Thursday morning to all. Here is this pre-market thread for those of you wanting to get a quick market read before today's open- <-- click there to read! Hope everyone a great trading day ahead today.
Stocks spike on reports U.S. officials may ease tariffs on Chinese imports https://finance.yahoo.com/news/stock-futures-point-lower-open-140818911.html SPX up over 20 points at the highs I believe, now it is up around 12 points
