Breaking News Instant updates and real-time market news.

XLK

Technology Select Sector SPDR

$64.52

0.375 (0.58%)

, XLY

Consumer Discretionary Sector SPDR

$94.58

0.19 (0.20%)

12:29
11/24/17
11/24
12:29
11/24/17
12:29

On The Fly: Weekly technical notes for S&P 500

The S&P 500 (SPX) has hit a marginal new life high, last at 2603.81 at time of writing. Without established resistance, a test up to the 2610 area would become the next round-number technical price target. Support is at the 2590 area. For the holiday-shortened week, the following sectors were the upside leaders: Technology (XLK), Consumer Discretionary (XLY), Consumer Staples (XLP), Basic Materials (XLB), and the Industrials (XLI). Only the Utilities (XLU) finished lower on the week.

XLK

Technology Select Sector SPDR

$64.52

0.375 (0.58%)

XLY

Consumer Discretionary Sector SPDR

$94.58

0.19 (0.20%)

XLP

Consumer Staples Sector SPDR

$54.80

-0.01 (-0.02%)

XLB

S&P Select Materials SPDR

$58.84

0.295 (0.50%)

XLI

Industrial Select Sector SPDR

$71.42

0.01 (0.01%)

XLU

Utilities SPDR

$55.85

0.059 (0.11%)

SPY

SPDR S&P 500 ETF Trust

$260.45

0.685 (0.26%)

SPX

S&P 500

XLK Technology Select Sector SPDR
$64.52

0.375 (0.58%)

XLY Consumer Discretionary Sector SPDR
$94.58

0.19 (0.20%)

09/25/17
MSCO
09/25/17
DOWNGRADE
MSCO
Underweight
Consumer discretionary sector downgraded to Underweight at Morgan Stanley
Morgan Stanley equity strategist Michael Wilson said he expects the next phase of the "reflation trade" to coincide with outperformance for small caps, banks, and energy and he expects the consumer discretionary sector to underperform. The strategist, who downgraded the consumer discretionary sector to underweight, noted that on a median basis the relative performance of the sector tends to peak 42 months before a recession. While the low relative multiples in much of the sector reflect well understood structural pressures, there is room for multiples to fall further when the cycle turns, he tells investors.
XLP Consumer Staples Sector SPDR
$54.80

-0.01 (-0.02%)

XLB S&P Select Materials SPDR
$58.84

0.295 (0.50%)

XLI Industrial Select Sector SPDR
$71.42

0.01 (0.01%)

XLU Utilities SPDR
$55.85

0.059 (0.11%)

SPY SPDR S&P 500 ETF Trust
$260.45

0.685 (0.26%)

04/10/17
MSCO
04/10/17
NO CHANGE
MSCO
Morgan Stanley sets S&P 500 'base case' price target of 2,700
Morgan Stanley U.S. Equity Strategist Michael Wilson set a 12-month "base case" price target of 2,700 for the S&P 500, stating that market technicals are in "very good shape" and institutional and retail data suggest U.S. equity positioning is not extreme. A cyclical upturn began a year ago as the global business cycle bottomed in Q1 of 2016 and President Trump's election then "turbocharged" that cycle, said Wilson.
06/28/17
GSCO
06/28/17
NO CHANGE
GSCO
S&P 500 price target raised to 2,400 from 2,300 at Goldman Sachs
Goldman analyst David Kostin raised his S&P 500 earnings estimate to $129 from $123 in 2017 and to $139 from $129 in 2018 to reflect strong Q1 results and higher expected growth in Financials and Info Tech. Kostin raised his year-end S&P 500 price target to 2,400 from 2,300 to reflect earnings growth of 9%, offset by a 4% contraction in the forward multiple.
SPX S&P 500

03/08/17
03/08/17
NO CHANGE

David Tepper says stock market on multiple basis 'kind of full'
Appaloosa Management's David Tepper is speaking in CNBC.

TODAY'S FREE FLY STORIES

STNG

Scorpio Tankers

$2.38

-0.01 (-0.42%)

06:27
04/25/18
04/25
06:27
04/25/18
06:27
Earnings
Scorpio Tankers reports Q1 adjusted EPS (10c), consensus (6c) »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

IPHI

Inphi

$31.46

1.1 (3.62%)

06:26
04/25/18
04/25
06:26
04/25/18
06:26
Recommendations
Inphi analyst commentary  »

Inphi price target raised…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

  • 15

    May

  • 29

    May

DDR

DDR Corp.

$6.68

0.025 (0.38%)

06:26
04/25/18
04/25
06:26
04/25/18
06:26
Upgrade
DDR Corp. rating change  »

DDR Corp. upgraded to In…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BIIB

Biogen

$262.02

2.72 (1.05%)

06:25
04/25/18
04/25
06:25
04/25/18
06:25
Downgrade
Biogen rating change  »

Biogen downgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    May

  • 21

    May

  • 30

    May

EADSY

Airbus

, RYCEY

Rolls-Royce

06:24
04/25/18
04/25
06:24
04/25/18
06:24
Hot Stocks
Airbus, Rolls-Royce sign UltraFan engine integration collaboration agreement »

Airbus (EADSY) and…

EADSY

Airbus

RYCEY

Rolls-Royce

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AVT

Avnet

$39.93

-0.99 (-2.42%)

06:24
04/25/18
04/25
06:24
04/25/18
06:24
Upgrade
Avnet rating change  »

Avnet upgraded to Neutral…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

GOOG

Alphabet

$1,019.46

-48.24 (-4.52%)

, GOOGL

Alphabet Class A

$1,022.98

-50.08 (-4.67%)

06:23
04/25/18
04/25
06:23
04/25/18
06:23
Periodicals
Google will replace Google Play Music with YouTube Remix, Droid Life reports »

Google (GOOG, GOOGL) will…

GOOG

Alphabet

$1,019.46

-48.24 (-4.52%)

GOOGL

Alphabet Class A

$1,022.98

-50.08 (-4.67%)

SPOT

Spotify

$155.13

-2.96 (-1.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

, CMCSK

Comcast

06:23
04/25/18
04/25
06:23
04/25/18
06:23
Hot Stocks
Breaking Hot Stocks news story on Comcast, Comcast »

Comcast reports Q1 free…

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

PAGP

Plains GP Holdings

$25.02

-0.46 (-1.81%)

06:22
04/25/18
04/25
06:22
04/25/18
06:22
Downgrade
Plains GP Holdings rating change  »

Plains GP Holdings…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    May

GM

General Motors

$37.92

0.22 (0.58%)

06:22
04/25/18
04/25
06:22
04/25/18
06:22
Periodicals
General Motors, South Korea considering raising stake in GM Korea, Reuters says »

General Motors and the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 20

    Jun

AAPL

Apple

$162.87

-2.38 (-1.44%)

06:22
04/25/18
04/25
06:22
04/25/18
06:22
Periodicals
Apple CEO to meet President Trump on Wednesday, CNBC reports »

Apple CEO Tim Cook will…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    May

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

, CMCSK

Comcast

06:21
04/25/18
04/25
06:21
04/25/18
06:21
Hot Stocks
Breaking Hot Stocks news story on Comcast, Comcast »

Comcast expects to…

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

SPNE

SeaSpine

$11.16

-0.78 (-6.53%)

06:21
04/25/18
04/25
06:21
04/25/18
06:21
Conference/Events
SeaSpine management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

  • 27

    Apr

  • 03

    May

OI

Owens-Illinois

$20.57

-1.19 (-5.47%)

06:21
04/25/18
04/25
06:21
04/25/18
06:21
Downgrade
Owens-Illinois rating change  »

Owens-Illinois downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

, CMCSK

Comcast

06:21
04/25/18
04/25
06:21
04/25/18
06:21
Hot Stocks
Comcast CEO says 'off to a great start in 2018' »

Brian L. Roberts,…

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

W

Wayfair

$68.76

-4.46 (-6.09%)

06:20
04/25/18
04/25
06:20
04/25/18
06:20
Recommendations
Wayfair analyst commentary  »

Wayfair price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

PNC

PNC Financial

$145.00

-0.21 (-0.14%)

06:20
04/25/18
04/25
06:20
04/25/18
06:20
Conference/Events
PNC Financial management to meet with Piper Jaffray »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 13

    Jul

  • 12

    Oct

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

, CMCSK

Comcast

06:20
04/25/18
04/25
06:20
04/25/18
06:20
Hot Stocks
Breaking Hot Stocks news story on Comcast, Comcast »

Comcast reports Q1…

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

PAA

Plains All American

$24.79

-0.42 (-1.67%)

06:20
04/25/18
04/25
06:20
04/25/18
06:20
Downgrade
Plains All American rating change  »

Plains All American…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    May

AAPL

Apple

$162.87

-2.38 (-1.44%)

06:19
04/25/18
04/25
06:19
04/25/18
06:19
Periodicals
Apple reaches deal with Ireland to transfer $16B into escrow account, WSJ says »

In a step toward…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    May

OGS

One Gas

$68.45

0.53 (0.78%)

06:18
04/25/18
04/25
06:18
04/25/18
06:18
Upgrade
One Gas rating change  »

One Gas upgraded to Hold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    May

  • 20

    May

  • 20

    May

  • 24

    May

  • 31

    Jul

  • 30

    Oct

PKOH

Park-Ohio

$37.85

-0.4 (-1.05%)

06:18
04/25/18
04/25
06:18
04/25/18
06:18
Conference/Events
Park-Ohio management to meet with Seaport Global »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

CMCSA

Comcast

$33.34

-0.52 (-1.54%)

06:18
04/25/18
04/25
06:18
04/25/18
06:18
Earnings
Comcast reports Q1 adjusted EPS 62c, consensus 59c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

OVID

Ovid Therapeutics

$9.96

-0.09 (-0.90%)

06:17
04/25/18
04/25
06:17
04/25/18
06:17
Conference/Events
Ovid Therapeutics management to meet with JMP Securities »

Meeting to be held in Los…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 03

    May

  • 08

    May

RUSHA

Rush Enterprises

$41.04

-1.96 (-4.56%)

06:17
04/25/18
04/25
06:17
04/25/18
06:17
Upgrade
Rush Enterprises rating change  »

Rush Enterprises upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.