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XLI

Industrial Select Sector SPDR

$80.08

0.6458 (0.81%)

, XRT

S&P Retail Index SPDR

$47.94

0.66 (1.40%)

11:42
01/12/18
01/12
11:42
01/12/18
11:42

Technical View: S&P 500 breaks above 2780 despite Facebook weakness

The S&P 500 (SPX) has broken out above 2780 in spite of weakness from Facebook (FB). Apple (AAPL), Alphabet (GOOGL), and Microsoft (MSFT) bids helped to overcome that dip. Equally the Financials (XLF) came back from an earlier flat posture on Well-Fargo (WFC) weakness. Leadership on a sector basis is in the Industrials (XLI), Retail (XRT), Health Care (XLV), and Energy (XLE). Without overhead resistance the index appears to be on a quick path to 2800, if earnings in the coming holiday-shortened week provide the needed boost. Year-end targets of 3000 might well be under-shooting if the current pace remains intact for even just the first half of the year. Before the open it seemed the most likely scenario on the heels of a weak Facebook (FB) performance would be a rotation away from tech and into other sectors that have been under-weighted and that has been the case so far today.

XLI

Industrial Select Sector SPDR

$80.08

0.6458 (0.81%)

XRT

S&P Retail Index SPDR

$47.94

0.66 (1.40%)

XLV

Health Care Select Sector SPDR

$86.67

0.51 (0.59%)

XLE

Energy Select Sector SPDR

$77.10

0.42 (0.55%)

XLF

Financial Select Sector

$29.11

0.135 (0.47%)

XLK

Technology Select Sector SPDR

$66.70

0.2753 (0.41%)

SPY

SPDR S&P 500 ETF Trust

$277.35

1.23 (0.45%)

SPX

S&P 500

$0.00

(0.00%)

XLI Industrial Select Sector SPDR
$80.08

0.6458 (0.81%)

XRT S&P Retail Index SPDR
$47.94

0.66 (1.40%)

XLV Health Care Select Sector SPDR
$86.67

0.51 (0.59%)

XLE Energy Select Sector SPDR
$77.10

0.42 (0.55%)

10/03/17
MSCO
10/03/17
NO CHANGE
MSCO
Energy sector upgraded to 'Attractive' at Morgan Stanley
Morgan Stanley analysts led by Martijn Rats upgraded the Energy sector to "Attractive," saying they see increasingly clear signs that oil prices and production costs are near to finding a new equilibrium and that the sector's 6-year bear market is set to come to an end. Oil demand continues to grow well above historical trend rates and the downstream outlook is "outright strong," the team tells investors. In developed markets, the best positioned to benefit are downstream focused firms and high yielding majors, such as Shell (RDS.A), BP (BP) and Repsol (REPYY), the analysts said.
XLF Financial Select Sector
$29.11

0.135 (0.47%)

XLK Technology Select Sector SPDR
$66.70

0.2753 (0.41%)

SPY SPDR S&P 500 ETF Trust
$277.35

1.23 (0.45%)

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.
12/11/17
OPCO
12/11/17
NO CHANGE
OPCO
Oppenheimer initiates S&P 500 price target of $3,000 in 2018 on outlook
Oppenheimer has initiated an S&P 500 price target of $3,000 in 2018 as it believes the fundamentals - both economic growth and corporate earnings - will likely improve further in 2018. Its price target and earnings estimate do not include any assumptions about what tax reform might ultimately look like.
SPX S&P 500
$0.00

(0.00%)

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

TST

TheStreet

$1.80

(0.00%)

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05/23/18
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TheStreet announces content partnership with Symphony »

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EVOP

EVO Payments

$0.00

(0.00%)

10:48
05/23/18
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Syndicate
Breaking Syndicate news story on EVO Payments »

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  • 23

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$271.68

-0.89 (-0.33%)

10:47
05/23/18
05/23
10:47
05/23/18
10:47
Technical Analysis
Technical Take: Energy Select Sector SPDR falls after crude inventory data »

The Energy Select Sector…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$271.68

-0.89 (-0.33%)

XLE

Energy Select Sector SPDR

$77.03

-0.825 (-1.06%)

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JCS

Communications Systems

$3.49

(0.00%)

10:47
05/23/18
05/23
10:47
05/23/18
10:47
Hot Stocks
Communications Systems forms special committee to explore strategic options »

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  • 23

    May

10:45
05/23/18
05/23
10:45
05/23/18
10:45
General news
Breaking General news story  »

Week of 5/18 EIA…

GERN

Geron

$4.23

0.16 (3.93%)

10:40
05/23/18
05/23
10:40
05/23/18
10:40
Options
Repeat spread trading in Geron as shares rally »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$271.93

-0.64 (-0.23%)

10:35
05/23/18
05/23
10:35
05/23/18
10:35
Technical Analysis
Technical Take: SPDR S&P 500 ETF falls from highs after first hour »

At time of writing the…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$271.93

-0.64 (-0.23%)

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XGTI

xG Technology

$0.76

(0.00%)

10:35
05/23/18
05/23
10:35
05/23/18
10:35
Hot Stocks
xG Technology awarded $1.4M U.S. Air Force order »

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FTR

Frontier Communications

$9.05

-0.5 (-5.24%)

10:35
05/23/18
05/23
10:35
05/23/18
10:35
Options
Frontier Communications put volume heavy and directionally bearish »

Bearish flow noted in…

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10:33
05/23/18
05/23
10:33
05/23/18
10:33
General news
Crude inventories for week of May 18 »

Crude oil inventories…

QTNA

Quantenna Communications

$15.66

0.72 (4.82%)

, KOOL

Cesca Therapeutics

$0.54

0.0091 (1.71%)

10:33
05/23/18
05/23
10:33
05/23/18
10:33
Initiation
On The Fly: Top five analyst initiations »

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QTNA

Quantenna Communications

$15.66

0.72 (4.82%)

KOOL

Cesca Therapeutics

$0.54

0.0091 (1.71%)

WTI

W&T Offshore

$8.26

-0.09 (-1.08%)

TAST

Carrols Restaurant

$11.70

0.05 (0.43%)

VNDA

Vanda Pharmaceuticals

$17.05

0.5 (3.02%)

03/08/13
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03/08/13
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03/06/13
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  • 12

    Jun

INTU

Intuit

$192.03

1.62 (0.85%)

, DSW

DSW

$24.95

-0.69 (-2.69%)

10:32
05/23/18
05/23
10:32
05/23/18
10:32
Downgrade
On The Fly: Top five analyst downgrades »

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INTU

Intuit

$192.03

1.62 (0.85%)

DSW

DSW

$24.95

-0.69 (-2.69%)

SHAK

Shake Shack

$58.44

0.46 (0.79%)

LTC

LTC Properties

$39.13

-0.32 (-0.81%)

CELG

Celgene

$77.24

0.65 (0.85%)

03/08/13
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03/06/13
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  • 24

    May

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  • 03

    Jun

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  • 12

    Jun

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    Jun

AEE

Ameren

$57.59

0.87 (1.53%)

, GDS

GDS Holdings

$38.91

1.53 (4.09%)

10:32
05/23/18
05/23
10:32
05/23/18
10:32
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

AEE

Ameren

$57.59

0.87 (1.53%)

GDS

GDS Holdings

$38.91

1.53 (4.09%)

JWN

Nordstrom

$47.30

1.51 (3.30%)

FCX

Freeport McMoRan

$16.98

-0.19 (-1.11%)

CELG

Celgene

$77.24

0.65 (0.85%)

03/08/13
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  • 24

    May

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    May

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    May

  • 03

    Jun

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    Jun

GSHD

Goosehead Insurance

$16.30

0.26 (1.62%)

10:32
05/23/18
05/23
10:32
05/23/18
10:32
Hot Stocks
Goosehead Insurance plans to open corporate office in Chicago »

Personal lines insurance…

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NDSN

Nordson

$128.43

-0.84 (-0.65%)

10:26
05/23/18
05/23
10:26
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10:26
Downgrade
Nordson rating change  »

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  • 06

    Jun

CELG

Celgene

$77.35

0.76 (0.99%)

10:24
05/23/18
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10:24
Hot Stocks
Street Fight: Argus sees Celgene risk, but Bernstein thinks sentiment at bottom »

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  • 24

    May

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  • 03

    Jun

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  • 13

    Jun

EVOP

EVO Payments

$0.00

(0.00%)

10:21
05/23/18
05/23
10:21
05/23/18
10:21
Syndicate
Breaking Syndicate news story on EVO Payments »

EVO Payments indicated to…

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  • 23

    May

MRK

Merck

$59.07

0.61 (1.04%)

10:20
05/23/18
05/23
10:20
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10:20
Options
Short term call buyers in Merck lead puts 8:1 »

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  • 05

    Jun

  • 10

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  • 23

    Oct

CWH

Camping World

$20.09

-1.31 (-6.12%)

10:18
05/23/18
05/23
10:18
05/23/18
10:18
Hot Stocks
Camping World slides after reporting change in registered public accounting firm »

In a regulatory filing…

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EVOP

EVO Payments

$0.00

(0.00%)

10:17
05/23/18
05/23
10:17
05/23/18
10:17
Syndicate
EVO Payments indicated to open at $20.80, IPO priced at $16.00 »

EVO Payments (EVOP)…

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  • 23

    May

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
05/23/18
05/23
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
05/23/18
05/23
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10:16
Technical Analysis
NYSE market internals summary »

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CWH

Camping World

$20.20

-1.2 (-5.61%)

10:13
05/23/18
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10:13
Hot Stocks
Camping World slides after reporting change in registered public accounting firm »

In a regulatory filing…

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KMI

Kinder Morgan

$15.97

0.03 (0.19%)

10:10
05/23/18
05/23
10:10
05/23/18
10:10
Options
Bullish option flow in Kinder Morgan »

Bullish option flow in…

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JD

JD.com

$36.41

0.04 (0.11%)

10:05
05/23/18
05/23
10:05
05/23/18
10:05
Options
JD.com call volume above normal and directionally bullish »

Bullish option flow…

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