120.53 +0.29 (0.24%)
After hours: 7:59PM EDT
|Bid||118.66 x 2900|
|Ask||0.00 x 3200|
|Day's Range||119.10 - 120.45|
|52 Week Range||91.73 - 120.45|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.16|
|Expense Ratio (net)||0.13%|
The S&P 500 index and the Nasdaq Composite on Tuesday finished in record territory, notching all-time highs for the first time since fall and late summer, powered by gains in health-care and the consumer-discretionary sectors. The S&P 500 index finished up 0.9%, or 26 points, at 2,934 (on a preliminary basis), above its closing high at 2,930.75 put in on Sept. 20. The health-care sector, as reflected in the Health Care Select Sector SPDR ETF , rose about 1.6% on Tuesday. Consumer-discretionary shares, as gauged by the Consumer Discretionary Select Sector SPDR ETF , climbed 1%. The Nasdaq Composite Index finished up 1.3% at 8,120, closing above its Aug. 29 all-time closing high at 8,109.69. Meanwhile, the Dow Jones Industrial Average notched a 0.6% gain to end at 26,656, just off its Oct. 3 record at 26,828.39. The three main benchmarks have mounted a steady ascent since putting in their lows on Dec. 24, when equity indexes suffered heavy losses during a bruising fourth-quarter selloff that dragged the Nasdaq into bear-market territory, defined as a decline of at least 20% from a recent peak, and left the S&P 500 on the edge of ending its longest bull run ever. Strong earnings reports have to fuel Tuesday's advance, as shares of social-networking platform Twitter Inc. , and aerospace giant Lockheed Martin Corp. and United Technologies Corp. rallied after quarterly results on the session.
What's Expected for McDonald’s Q1 2019 EarningsStock performanceMcDonald’s (MCD) is set to report its first-quarter earnings before the market opens on April 30. As of yesterday, MCD had risen 6.5% since its fourth-quarter earnings on January
What Do Analysts Expect from Ford’s Q1 2019 Earnings?(Continued from Prior Part)Ford’s recent stock performanceIn the last couple of quarters, America’s worsening trade relations with other nations including China, Mexico, and European nations
What Do Analysts Expect from Ford’s Q1 2019 Earnings?Ford’s Q1 2019 earningsFord Motor Company (F), the second-largest US automaker by 2018 vehicle sales volume, is set to release its first-quarter earnings report on April 25 after the market
The encouraging trends have rekindled the appeal for riskier assets, especially the cyclical stocks that tend to outperform during periods of healthy economic growth.
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Forward valuation Valuation multiples are widely used in highly capital intensive sectors, including automotive (XLY). However, it’s important to use these valuation
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Tesla’s first-quarter earnings event Analysts’ estimates for Tesla’s (TSLA) revenue and gross profit margin suggest slowing sequential growth in the first quarter.
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Tesla’s first-quarter earningsWall Street analysts’ consensus estimate for Tesla’s (TSLA) first-quarter total revenue reflects their expectation of a slowdown in
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Existing trend in Tesla’s revenue In the fourth quarter of 2018, Tesla (TSLA) reported revenue of ~$7.2 billion on a GAAP (generally accepted accounting principles)
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Recommendations on Tesla stock According to the latest data compiled by Thomson Reuters, 39% of analysts covering Tesla stock (TSLA) have given it “buy”
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Reviewing TSLA’s fourth-quarter earnings In the fourth quarter of 2018, Tesla (TSLA) managed to report profitability for the second quarter in a row. On a non-GAAP
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?Tesla’s first-quarter earnings Tesla (TSLA) is scheduled to release its first-quarter earnings results after the market closes on April 24. After outperforming the broader market and its peers
Will Starbucks Outperform Analysts’ Expectations in Q2?Stock performance Starbucks (SBUX) is scheduled to announce its second-quarter earnings on April 25 after the market closes. As of April 17, the company was trading at $75.12—a rise of 16.0%
Why Analysts Expect HOG’s Q1 Earnings to Disappoint(Continued from Prior Part)Harley-DavidsonHarley-Davidson’s (HOG) valuation multiples have risen in the last six months. However, weak first-quarter earnings could lower the company’s 2019
Will Domino’s Pizza Outperform Analysts’ Expectations in Q1 2019?Stock performance Domino’s Pizza (DPZ) will announce its first-quarter earnings results before the market opens on April 24. On April 16, the company was trading at a stock price
Morgan Stanley Downgrades Chipotle to 'Equal Weight'(Continued from Prior Part)Stock performance Today, Chipotle Mexican Grill (CMG) was trading in the red after Morgan Stanley downgraded the stock. As of 12:20 PM EST, Chipotle was trading at
Shake Shack Stock Falls after Longbow’s Downgrade(Continued from Prior Part)Stock performance Shake Shack (SHAK) was trading lower today after Longbow downgraded it. As of 10:40 AM Eastern Time, the stock was trading at $58, 2.5% lower than
Will Chipotle Meet Analysts’ Expectations in Q1 2019?Stock performance Chipotle Mexican Grill (CMG) plans to post its first-quarter earnings after the market closes on April 24. As of April 15, the company was trading at $712.27, which represents a
Why Analysts Expect HOG’s Q1 Earnings to Disappoint(Continued from Prior Part)Harley-Davidson This year, Harley-Davidson (HOG) has risen 17.4%, while the S&P 500 has risen 15.9%. Meanwhile, auto stocks (XLY) General Motors (GM), Ford Motor
Why Analysts Expect HOG’s Q1 Earnings to DisappointHarley-Davidson’s Q1 earnings Harley-Davidson (HOG), one of the world’s most popular heavyweight motorcycle brands, is slated to report its first-quarter earnings on April 23. Before
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Tesla’s underperformance Tesla (TSLA) stock has underperformed markets this year. While Tesla stock has fallen 19.6%, the S&P 500 (SPY) and NASDAQ Composite (QQQ)
Understanding what levels and trends are important can lead to successful trading.In financial markets, there are certain price levels that are more significant than others with regards to the amount of supply and demand that exists at them. In addition, prices are always doing one of three things. They are either going up, going down or staying the same. If you understand these dynamics it would help your trading or investing strategies.Don't waste your time with things like Gann Theory, Harmonic Patterns or Elliot Waves. These things are like Bigfoot and UFOs … fun to talk about but hardly credible. I can tell you that in the 20 years I spent as a hedge fund trader, not once did I ever hear a portfolio manager or trader talk about them. What do successful traders look at? Important levels and trends.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Long-Term Stocks for 2019 And Beyond I think that the S&P 500 will be neutral to slightly down this week. This is because many of the economic sectors that make up the S&P 500 are overbought and are at resistance levels.S&P 500 SPDR: The SPYs are overbought and near levels that were resistance in the past. There will probably be resistance around the $293 level because it is where the top was in September and October.If they head lower there will probably be support around $280. The $280 level is important because it was resistance during last March, June and again from October through December. It was also support throughout last July.Technology SPDR: The XLKs are overbought and testing important resistance. There is resistance around the $76 level because this is where the highs were last August through October. If they head lower there will probably be support around the $72 level because it was the top of the recent range.Financials SPDR: The XLFs hit resistance around the $27 level. They are slightly overbought. The levels between $27 and $27.50 have been the top of the range since November.Healthcare SPDR: The XLVs are at the bottom of the range that they have been in since February. The action over the past two days has been very weak. If they head lower there may be support around $86.50. It was the top in March and the bottom in October of 2018.Consumer Discretionary SPDR: The XLYs testing resistance around the October highs. They are very overbought, so there will probably be some consolidation or profit-taking. If they head lower there will probably be support around $111 because it was a resistance level from early December through March.Industrials SPDR: The XLIs broke their short-term downtrend and are consolidating around the $77 level. Longer-term, there may be resistance around the $80 level because it is where the highs were in January and September of 2018. There may be support again around $71 because it is where the lows were in late 2017 and the first half of 2018.Consumer Staples SPDR: The XLPs are testing resistance around the levels that were the highs at the end of last year. They are slightly overbought. They found support around the $50 level during the selloff at the end of December. This level was the low in 2016, and the top of the range throughout 2015.Consumer Staples SPDR Long-Term: The XLPs recently found support again around the very important $50 level. This level was the low in 2016, and the top of the range throughout 2015. It was also the top of the range during this past May.Energy SPDR: The XLEs seem to be breaking the resistance around the $66.50 level. This level has been resistance for the past two months. There is resistance around this level because it was support in early 2018.Energy SPDR Long-Term: The XLEs could be breaking resistance around the $66.50 level. There is resistance here because it was support a year ago. The $78 level is important long-term resistance. The levels around $55 are important long-term support.Materials SPDR: The XLBs are testing resistance around the $58 level. This level was the bottom of the range from last June through September. They are very overbought. The last two times that they were this overbought, in September and February, a selloff followed.Utilities SPDR: The XLUs broke their recent uptrend after becoming overbought and are consolidating. There is support around the $57 level because this is where the highs were in December. In September and then again in late December and early January they found support around the $52 level.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post S&P 500 Sector SPDR Preview: What to Watch This Week appeared first on InvestorPlace.