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XLE

Energy Select Sector SPDR

$68.54

1.71 (2.56%)

, XLB

S&P Select Materials SPDR

$59.14

0.9 (1.55%)

12:20
03/21/18
03/21
12:20
03/21/18
12:20

Technical Take: S&P 500 hits session high at midday

The S&P 500 (SPX) was last at 2728.82, just below the high set today at 2730.31. This puts price just above the pivot high for the day at 2727.665. Energy (XLE) and Materials (XLB) are broadly outperforming all other sectors. Consumer Staples (XLP) remains weak. Support is at the pivot low for the day at 2713.495, which is just above the session low of 2712.39. If the perception from the Fed is one of relative dovishness, the next significant resistance level is at the 2750 area.

XLE

Energy Select Sector SPDR

$68.54

1.71 (2.56%)

XLB

S&P Select Materials SPDR

$59.14

0.9 (1.55%)

SPY

SPDR S&P 500 ETF Trust

$271.94

0.9865 (0.36%)

SPX

S&P 500

$0.00

(0.00%)

XLE Energy Select Sector SPDR
$68.54

1.71 (2.56%)

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.
XLB S&P Select Materials SPDR
$59.14

0.9 (1.55%)

SPY SPDR S&P 500 ETF Trust
$271.94

0.9865 (0.36%)

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%)

01/23/18
BOFA
01/23/18
NO CHANGE
BOFA
S&P 500 2018 year target raised to 3,000 from 2,800 at BofA/Merrill

TODAY'S FREE FLY STORIES

PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
08/15/18
08/15
20:39
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20:39
Syndicate
Pros Holdings 3.8M share Secondary priced at $34.00 »

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
08/15/18
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20:34
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20:34
Syndicate
IntriCon 1.5M share Secondary priced at $55.00 »

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  • 06

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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
08/15/18
08/15
20:33
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20:33
Syndicate
Addus HomeCare 2.1M share Secondary priced at $59.00 »

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  • 16

    Aug

LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
08/15/18
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20:32
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20:32
Downgrade
Multi-Color rating change  »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
08/15/18
08/15
20:25
08/15/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
08/15/18
08/15
19:09
08/15/18
19:09
Hot Stocks
Breaking Hot Stocks news story on 58.com »

58.com sees Q3 revenue…

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
08/15/18
08/15
19:08
08/15/18
19:08
Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

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  • 16

    Aug

  • 10

    Sep

WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
08/15/18
08/15
19:07
08/15/18
19:07
Initiation
Wesco Aircraft initiated  »

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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
08/15/18
08/15
19:07
08/15/18
19:07
Initiation
Triumph Group initiated  »

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
08/15/18
08/15
19:06
08/15/18
19:06
Initiation
Hexcel initiated  »

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  • 06

    Nov

ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
08/15/18
08/15
19:05
08/15/18
19:05
Initiation
Embraer initiated  »

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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

19:04
08/15/18
08/15
19:04
08/15/18
19:04
Initiation
Curtiss-Wright initiated  »

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

19:03
08/15/18
08/15
19:03
08/15/18
19:03
Initiation
L3 Technologies initiated  »

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GD

General Dynamics

$192.29

-1.33 (-0.69%)

19:03
08/15/18
08/15
19:03
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19:03
Initiation
General Dynamics initiated  »

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BDRBF

Bombardier

$0.00

(0.00%)

19:02
08/15/18
08/15
19:02
08/15/18
19:02
Initiation
Bombardier initiated  »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
08/15/18
08/15
19:00
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19:00
Initiation
Heico initiated  »

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  • 28

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  • 06

    Nov

HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
08/15/18
08/15
18:59
08/15/18
18:59
Initiation
Harris initiated  »

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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
08/15/18
08/15
18:59
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18:59
Initiation
Northrop Grumman initiated  »

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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
08/15/18
08/15
18:57
08/15/18
18:57
Periodicals
PNC faces subpoenas over low-income housing tax credits, Bloomberg says »

PNC Financial (PNC) has…

PNC

PNC Financial

$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

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  • 12

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UTX

United Technologies

$131.75

-0.65 (-0.49%)

18:57
08/15/18
08/15
18:57
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18:57
Initiation
United Technologies initiated  »

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  • 17

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B

Barnes Group

$65.59

-0.26 (-0.39%)

18:56
08/15/18
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18:56
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18:56
Initiation
Barnes Group initiated  »

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SPR

Spirit AeroSystems

$84.51

-1.6 (-1.86%)

18:55
08/15/18
08/15
18:55
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18:55
Initiation
Spirit AeroSystems initiated  »

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TDG

TransDigm

$351.43

-5.195 (-1.46%)

18:54
08/15/18
08/15
18:54
08/15/18
18:54
Initiation
TransDigm initiated  »

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HII

Huntington Ingalls

$240.82

-2.5 (-1.03%)

18:54
08/15/18
08/15
18:54
08/15/18
18:54
Initiation
Huntington Ingalls initiated  »

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RTN

Raytheon

$194.92

-2.66 (-1.35%)

18:53
08/15/18
08/15
18:53
08/15/18
18:53
Initiation
Raytheon initiated  »

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