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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$264.18

-1.46 (-0.55%)

10:46
04/06/18
04/06
10:46
04/06/18
10:46

Technical Take: SPDR S&P 500 ETF has a potential bearish pattern

On a closing price basis chart of 1-week bars, there is a potential bearish flag pattern that could become active today. Where the SPDR S&P 500 ETF (SPY) closes would determine this, with a move below $263 and more especially $262 confirming that the pattern is active. Long-term downside potential would be to the $245 area. This pattern would be voided through time by roughly hewing to current price above $263 for several weeks or by a price rise today that sustains above $266.

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$264.18

-1.46 (-0.55%)

SPX S&P 500
$0.00

(0.00%)

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.
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.
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
04/02/18
MSCO
04/02/18
NO CHANGE
MSCO
Utilities view lowered to Equal Weight at Morgan Stanley
Morgan Stanley equity strategist Michael Wilson said he thinks many of the risks facing the market have now been priced in and he sees value in the S&P, which is currently at the low end of his target near-term range ahead of what will likely be a strong Q1 earnings season. However, he is moving the Utilities sector to Equal Weight from Overweight, stating that this is not a sell call for those who recently bought the stocks but that a tactical overweight after recent relative outperformance no longer makes sense.
SPY SPDR S&P 500 ETF Trust
$264.18

-1.46 (-0.55%)

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.

TODAY'S FREE FLY STORIES

SPX

S&P 500

$0.00

(0.00%)

08:13
11/20/18
11/20
08:13
11/20/18
08:13
Technical Analysis
S&P 500: Pivot points »

The following are the…

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IRM

Iron Mountain

$33.46

-0.38 (-1.12%)

08:11
11/20/18
11/20
08:11
11/20/18
08:11
Initiation
Iron Mountain initiated  »

Iron Mountain initiated…

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TOWR

Tower International

$29.99

0.51 (1.73%)

08:11
11/20/18
11/20
08:11
11/20/18
08:11
Hot Stocks
Breaking Hot Stocks news story on Tower International »

Tower International…

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CLVS

Clovis

$16.51

-0.23 (-1.37%)

08:10
11/20/18
11/20
08:10
11/20/18
08:10
Hot Stocks
Clovis issued second U.S. patent covering rucaparib »

Clovis Oncology announced…

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BE

Bloom Energy

$14.50

-1.54 (-9.60%)

08:10
11/20/18
11/20
08:10
11/20/18
08:10
Conference/Events
Bloom Energy has a conference call hosted by JPMorgan »

JPMorgan Analyst Coster…

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  • 20

    Nov

  • 05

    Dec

PME

Pingtan Marine Enterprise

$2.35

-0.05 (-2.08%)

08:09
11/20/18
11/20
08:09
11/20/18
08:09
Hot Stocks
Pingtan Marine Enterprise announces three new vessels sailed to sea »

Pingtan Marine Enterprise…

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NMRD

Nemaura Medical

$1.87

0.01 (0.54%)

08:09
11/20/18
11/20
08:09
11/20/18
08:09
Hot Stocks
Nemaura Medical signs exclusive license agreement with Al Danah Medical »

Nemaura Medical announced…

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  • 04

    Dec

EQBK

Equity Bancshares

$37.02

-0.7 (-1.86%)

08:08
11/20/18
11/20
08:08
11/20/18
08:08
Initiation
Equity Bancshares initiated  »

Equity Bancshares…

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  • 06

    Dec

ESND

Essendant

$12.68

-0.02 (-0.16%)

08:08
11/20/18
11/20
08:08
11/20/18
08:08
Hot Stocks
Staples' affiliates extends expiration of tender offer for Essendant's shares »

Staples announced that,…

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GE

General Electric

$7.84

-0.2 (-2.49%)

, BHGE

Baker Hughes

$23.00

-0.38 (-1.63%)

08:07
11/20/18
11/20
08:07
11/20/18
08:07
Recommendations
General Electric, Baker Hughes analyst commentary  »

GE 'fire sale'…

GE

General Electric

$7.84

-0.2 (-2.49%)

BHGE

Baker Hughes

$23.00

-0.38 (-1.63%)

03/08/13
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  • 29

    Nov

HJLI

Hancock Jaffe Laboratories

$2.02

(0.00%)

08:07
11/20/18
11/20
08:07
11/20/18
08:07
Hot Stocks
Hancock Jaffe Laboratories receives update on VenoValve application from INVIMA »

Hancock Jaffe…

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  • 29

    Nov

MTEM

Molecular Templates

$4.59

-0.17 (-3.57%)

08:06
11/20/18
11/20
08:06
11/20/18
08:06
Initiation
Molecular Templates initiated  »

Molecular Templates…

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ADI

Analog Devices

$85.55

-3.94 (-4.40%)

08:06
11/20/18
11/20
08:06
11/20/18
08:06
Earnings
Analog Devices sees Q1 adjusted EPS $1.28, plus or minus 7c, consensus $1.35 »

Sees Q1 revenue $1.51B,…

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  • 20

    Nov

  • 26

    Nov

KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

08:05
11/20/18
11/20
08:05
11/20/18
08:05
Initiation
Kulicke & Soffa initiated  »

Kulicke & Soffa…

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  • 11

    Dec

08:05
11/20/18
11/20
08:05
11/20/18
08:05
General news
U.S. equities are getting de-FAANGed again »

U.S. equities are getting…

08:05
11/20/18
11/20
08:05
11/20/18
08:05
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

BWA

BorgWarner

$39.40

-0.345 (-0.87%)

08:03
11/20/18
11/20
08:03
11/20/18
08:03
Conference/Events
BorgWarner management to meet with Wolfe Research »

Meeting to be held in New…

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  • 26

    Nov

ADI

Analog Devices

$85.55

-3.94 (-4.40%)

08:03
11/20/18
11/20
08:03
11/20/18
08:03
Earnings
Analog Devices reports Q4 adjusted EPS $1.55, consensus 1.52 »

Reports Q4 revenue $1.6B,…

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  • 20

    Nov

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WOW

WideOpenWest

$10.02

-0.15 (-1.47%)

08:03
11/20/18
11/20
08:03
11/20/18
08:03
Conference/Events
WideOpenWest management to meet with JMP Securities »

Meeting to be held in Los…

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  • 26

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  • 03

    Dec

TOWR

Tower International

$29.99

0.51 (1.73%)

08:03
11/20/18
11/20
08:03
11/20/18
08:03
Hot Stocks
Tower International signs MOU to sell European operations »

Tower International…

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NVFY

Nova Lifestyle

$0.87

-0.03 (-3.33%)

08:03
11/20/18
11/20
08:03
11/20/18
08:03
Hot Stocks
Nova Lifestyle receives over $1M in orders from Barsala »

Nova LifeStyle announced…

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EXTR

Extreme Networks

$6.20

-0.25 (-3.88%)

, HPE

HP Enterprise

$14.83

-0.37 (-2.43%)

08:02
11/20/18
11/20
08:02
11/20/18
08:02
Hot Stocks
Extreme Networks appoints Remi Thomas as CFO »

Extreme Networks (EXTR)…

EXTR

Extreme Networks

$6.20

-0.25 (-3.88%)

HPE

HP Enterprise

$14.83

-0.37 (-2.43%)

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  • 04

    Dec

TGT

Target

$77.13

-1.9 (-2.40%)

08:02
11/20/18
11/20
08:02
11/20/18
08:02
Recommendations
Target analyst commentary  »

Target sales solid, buy…

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  • 20

    Nov

  • 03

    Mar

CBRL

Cracker Barrel

$174.86

5.18 (3.05%)

08:00
11/20/18
11/20
08:00
11/20/18
08:00
Downgrade
Cracker Barrel rating change  »

Cracker Barrel downgraded…

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  • 27

    Nov

MSFT

Microsoft

$104.62

-3.66 (-3.38%)

08:00
11/20/18
11/20
08:00
11/20/18
08:00
Options
Microsoft put buyer realizes 25% same-day gains »

Notable profits for the…

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  • 26

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  • 04

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