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XLV

Health Care Select Sector SPDR

$87.35

0.525 (0.60%)

, XLP

Consumer Staples Sector SPDR

$57.00

0.345 (0.61%)

13:46
01/16/18
01/16
13:46
01/16/18
13:46

Technical Take: S&P 500 back to near flat-line, sector breadth negative

The S&P 500 (SPX) was last at 2788.91, nearly unchanged on the session after hitting another life high at 2807.54. While this may seem like a sudden reversal, the indexes in general have been on a steady downward slope since hitting session highs in the first hour of trading. The culprit is a slow deterioration in sector breadth. Health Care (XLV) and Consumer Staples (XLP) are leading on the upside. Energy (XLE), Materials (XLI), and the Utilities (XLU) are negative now on the day. The Financials (XLF) and Technology (XLK) have retreated to the flat line after being leaders early on. The Retail (XRT) and Biotech (XBI) sub-sectors are sharply lower. Support is now at 2780. Resistance is at the 2795 area.

XLV

Health Care Select Sector SPDR

$87.35

0.525 (0.60%)

XLP

Consumer Staples Sector SPDR

$57.00

0.345 (0.61%)

XLE

Energy Select Sector SPDR

$76.96

-0.46 (-0.59%)

XLI

Industrial Select Sector SPDR

$79.96

-0.21 (-0.26%)

XLB

S&P Select Materials SPDR

$62.95

-0.445 (-0.70%)

SPY

SPDR S&P 500 ETF Trust

$278.37

0.45 (0.16%)

SPX

S&P 500

$0.00

(0.00%)

XLV Health Care Select Sector SPDR
$87.35

0.525 (0.60%)

XLP Consumer Staples Sector SPDR
$57.00

0.345 (0.61%)

XLE Energy Select Sector SPDR
$76.96

-0.46 (-0.59%)

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.
XLI Industrial Select Sector SPDR
$79.96

-0.21 (-0.26%)

XLB S&P Select Materials SPDR
$62.95

-0.445 (-0.70%)

SPY SPDR S&P 500 ETF Trust
$278.37

0.45 (0.16%)

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

$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
06/19/18
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Technical Analysis
Nasdaq Composite: Pivot points »

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NDX

Nasdaq 100 Index

$0.00

(0.00%)

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Technical Analysis
Nasdaq 100 Index: Pivot points »

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DCPH

Deciphera

$44.61

2.73 (6.52%)

08:16
06/19/18
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08:16
Recommendations
Deciphera analyst commentary  »

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  • 19

    Jun

CNI

Canadian National

$82.47

-0.69 (-0.83%)

08:15
06/19/18
06/19
08:15
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08:15
Hot Stocks
CN to invest $210M to expand, strengthen Saskatchewan rail network »

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BA

Boeing

$354.79

-2.78 (-0.78%)

08:15
06/19/18
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08:15
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08:15
Technical Analysis
Technical Take: Boeing falls in pre-market, breaks uptrend support line »

In pre-market trading the…

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APRN

Blue Apron

$3.20

0.18 (5.96%)

, REV

Revlon

$18.65

-0.2 (-1.06%)

08:15
06/19/18
06/19
08:15
06/19/18
08:15
Hot Stocks
Blue Apron appoints Alan Blake Chief Supply Chain Officer »

Blue Apron (APRN)…

APRN

Blue Apron

$3.20

0.18 (5.96%)

REV

Revlon

$18.65

-0.2 (-1.06%)

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  • 19

    Jun

08:15
06/19/18
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08:15
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08:15
General news
Housing Starts Permits to be reported at 08:30 »

May Housing Starts…

08:15
06/19/18
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08:15
06/19/18
08:15
General news
Housing Starts to be reported at 08:30 »

May Housing Starts will…

VLKAY

Volkswagen

$0.00

(0.00%)

, AUDVF

Audi AG

$0.00

(0.00%)

08:13
06/19/18
06/19
08:13
06/19/18
08:13
Periodicals
Jailed Audi CEO pledges to cooperate with emissions-cheating probe, WSJ reports »

CEO of Volkswagen's…

VLKAY

Volkswagen

$0.00

(0.00%)

AUDVF

Audi AG

$0.00

(0.00%)

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PBCT

People's United

$18.74

0.02 (0.11%)

, FBNK

First Connecticut

$26.05

0.15 (0.58%)

08:13
06/19/18
06/19
08:13
06/19/18
08:13
Conference/Events
People's United to host conference call »

Conference call to…

PBCT

People's United

$18.74

0.02 (0.11%)

FBNK

First Connecticut

$26.05

0.15 (0.58%)

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  • 19

    Jun

NTRA

Natera

$14.38

0.12 (0.84%)

08:09
06/19/18
06/19
08:09
06/19/18
08:09
Hot Stocks
Natera announces research collaboration with Institut Jules Bordet »

Natera announced a…

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  • 19

    Jun

BKYI

BIO-key

$2.42

0.02 (0.83%)

08:07
06/19/18
06/19
08:07
06/19/18
08:07
Hot Stocks
BIO-key awarded U.S. patent for Utilization of Biometric Data »

BIO-key International…

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CRON

Cronos Group

$6.77

-0.25 (-3.56%)

08:07
06/19/18
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08:07
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08:07
Hot Stocks
Cronos Group granted medicinal cannabis Manufacture License in Australia »

Cronos Group announced…

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  • 28

    Jun

CVS

CVS Health

$67.73

-2.37 (-3.38%)

08:07
06/19/18
06/19
08:07
06/19/18
08:07
Hot Stocks
CVS Pharmacy: Prescription delivery now available nationwide »

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ALNA

Allena Pharmaceuticals

$13.48

-0.08 (-0.59%)

08:07
06/19/18
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Hot Stocks
Allena Pharmaceuticals completes animal proof-of-concept study for ALLN-346 »

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MAT

Mattel

$17.78

0.1 (0.57%)

08:06
06/19/18
06/19
08:06
06/19/18
08:06
Downgrade
Mattel rating change  »

Mattel downgraded to…

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RCII

Rent-A-Center

$14.68

2.655 (22.08%)

08:06
06/19/18
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08:06
06/19/18
08:06
Downgrade
Rent-A-Center rating change  »

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CTXR

Citius Pharmaceuticals

$2.67

-0.03 (-1.11%)

08:06
06/19/18
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08:06
Hot Stocks
Citius Pharmaceuticals announces Mino-Lok is now a registered trademark »

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IRIX

IRIDEX

$6.19

-0.91 (-12.82%)

08:06
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Hot Stocks
IRIDEX announces approval of CYCLO G6 Glaucoma Laser system in Korea »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, DIA

Diamonds Fund ETF

$249.72

-0.99 (-0.39%)

08:06
06/19/18
06/19
08:06
06/19/18
08:06
Technical Analysis
Technical Take: Diamonds Fund ETF breaks uptrend support line in pre-market »

As trade war and other…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

DIA

Diamonds Fund ETF

$249.72

-0.99 (-0.39%)

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RSLS

ReShape Lifesciences

$3.07

-0.05 (-1.60%)

08:05
06/19/18
06/19
08:05
06/19/18
08:05
Hot Stocks
ReShape Lifesciences receives issue notification for ReShape Vest patent »

ReShape Lifesciences…

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MTNB

Matinas BioPharma

$0.55

-0.0816 (-12.92%)

08:05
06/19/18
06/19
08:05
06/19/18
08:05
Syndicate
Matinas BioPharma raises $8M in a public offering »

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ISR

IsoRay

$0.45

0.0095 (2.16%)

08:05
06/19/18
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Hot Stocks
IsoRay enters one-year employment contract with Lori Woods as Interim CEO »

IsoRay announced that it…

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SSKN

Strata Skin Sciences

$2.11

0.09 (4.46%)

08:05
06/19/18
06/19
08:05
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08:05
Hot Stocks
Strata announces 510(k) submission for Multi-Micro Dose tip accessory »

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RTN

Raytheon

$202.60

1.06 (0.53%)

08:05
06/19/18
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08:05
Hot Stocks
Raytheon awarded $161M contract from U.S. Army »

Raytheon was awarded a…

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