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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (84166)

11/6/2019 5:00:54 PM

From: Return to Sender

2 Recommendations

Recommended By
Sam
Sr K

Respond to of 95521

Wall Street closes little changed; trade talks in focus
06-Nov-19 16:20 ET

Dow -0.07 at 27492.60, Nasdaq -24.05 at 8410.63, S&P +2.16 at 3076.78

briefing.com

[BRIEFING.COM] The stock market closed little changed on Wednesday, marking its second straight pause near record highs as investors digested a possible pushback in the timeline for a trade deal. The S&P 500 (+0.1%), Dow Jones Industrial Average (unch), and Nasdaq Composite (-0.3%) closed within 0.3% of their flat lines, while the Russell 2000 (-0.6%) underperformed.

Reuters reported that a "Phase One" trade agreement may not get signed until December, as both sides continue to discuss terms and a venue. The news took the market to session lows, but it didn't get the pullback some had been expecting. This might have been due to expectations for a partial deal to still get signed and a view that there is some pent-up demand among under-allocated investors.

The S&P 500 energy sector, however, did succumb to a 2.3% pullback following disappointing earnings results and guidance from Diamondback Energy (FANG 77.20, -13.03, -14.4%) and a decline in oil prices ($56.35, -0.89, -1.6%). The Philadelphia Semiconductor Index (-0.8%) also gave back some gains in response to Microchip's (MCHP 95.62, -4.40, -4.4%) results and guidance and perhaps amid a more cautious trade outlook.

On the other hand, the financials sector (+0.4%) provided the broader market some influential support. The health care (+0.6%), consumer staples (+0.5%), and real estate (+0.5%) sectors also outperformed, likely benefiting from their defensive-oriented dispositions.

The health care and consumer staples sectors can also credit their relative strength to the gains in CVS Health (CVS 70.93, +3.61, +5.4%), Humana (HUM 304.94, +10.19, +3.5%), and Coty (COTY 13.02, +1.56, +13.6%) following their positive earnings results and encouraging guidance.

In notable M&A activity, Xerox (XRX 37.66, +1.29, +3.6%) is reportedly considering a cash-and-stock bid for HP, Inc. (HPQ 19.57, +1.17, +6.4%). An offer would value HP at a premium at just under $23 per share, according to The Wall Street Journal.

U.S. Treasuries finished the session on a higher note, having received increased demand following the latest trade update. The 2-yr yield declined three basis points to 1.60%, and the 10-yr yield declined five basis points to 1.81%. The U.S. Dollar Index remained little changed at 97.95.

Reviewing Wednesday's economic data, which included preliminary Q3 figures for Productivity and Unit Labor Costs and the weekly MBA Mortgage Applications Index:

Nonfarm business sector labor productivity declined 0.3% in the third quarter (Briefing.com consensus +1.0%), according to the BLS, after increasing an upwardly revised 2.5% (from 2.3%) in the second quarter. Unit labor costs jumped 3.6% (Briefing.com consensus +2.1%) after increasing a downwardly revised 2.4% (from 2.6%) in the second quarter.
- The key takeaway from the report is that it points to profit margin pressures for businesses with the decline in productivity and the jump in unit labor costs; it is also the first decline in productivity since the fourth quarter of 2015.
The weekly MBA Mortgage Applications Index ticked down 0.1% following a 0.6% increase in the prior week.

Looking ahead, investors will receive the weekly Initial and Continuing Claims report and the Consumer Credit report for September on Thursday.

Nasdaq Composite +26.8% YTD
S&P 500 +22.7% YTD
Russell 2000 +17.9% YTD
Dow Jones Industrial Average +17.9% YTD

Market Snapshot

Dow	27492.60	-0.07	(0.00%)
Nasdaq	8410.63	-24.05	(-0.29%)
SP 500	3076.78	+2.16	(0.07%)
10-yr Note	+26/32	1.820

NYSE	Adv 1298	Dec 1566	Vol 988.1 mln
Nasdaq	Adv 1127	Dec 1963	Vol 2.1 bln

Industry Watch

Strong: Real Estate, Health Care, Consumer Staples, Financials

Weak: Energy

Moving the Market

-- Stock market closes little changed for second straight day; holds near record highs

-- Reuters reported that a phase one trade deal may not get signed until December

-- Weakness in the energy sector, which had outperformed this month

-- Relative strength in the defensive-oriented sectors

To: Sam who wrote (84166)

11/9/2019 9:01:00 PM

From: Return to Sender

2 Recommendations

Recommended By
oldbeachlvr
Sam

Respond to of 95521

Major indices squeeze out record closes to end week
08-Nov-19 16:25 ET

Dow +6.44 at 27681.28, Nasdaq +40.80 at 8475.32, S&P +7.90 at 3093.08

briefing.com

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.5%), and Dow Jones Industrial Average (+0.02%) closed at record highs on Friday, even as President Trump said he had not yet agreed to roll back existing tariffs. The Russell 2000 increased 0.3%.

President Trump's statement refuted China's claim that an agreement was already made, but the market maintained an optimistic view on trade. It presumably continued to think that a "Phase One" deal will still get signed considering the president didn't technically rule out the possibility to roll back tariffs and White House trade advisor Peter Navarro said the U.S. might be willing to delay the Dec. 15 tariffs.

There still wasn't much conviction from buyers or sellers for most of the session, though, until a wave of buyers pushed the market to session highs into the close. The S&P 500 health care (+0.8%) and information technology (+0.6%) sectors posted decent gains, while the energy (-0.8%), utilities (-0.4%), and real estate (-0.2%) sectors finished lower.

Walt Disney (DIS 137.96, +5.00, +3.8%) beat earnings estimates and shares of the Dow component rose accordingly. Its outperformance also helped the S&P 500 communication services sector (+0.4%) overcome weakness in Verizon (VZ 59.35, -1.18, -2.0%), which fell on no confirmed news catalyst.

The trade-sensitive Philadelphia Semiconductor Index (+0.5%) continued to rise amid the upbeat trade sentiment. The group also benefited from follow-through buying in shares of Qualcomm (QCOM 94.03, +4.05, +4.5%) after it reported positive earnings results earlier in the week.

In other corporate news, Southwest's (LUV 58.18, -0.06, -0.1%) 10-Q stated it plans to remove Boeing's (BA 351.00, -6.31, -1.8%) 737 MAX from its flight schedule through March 6, 2020. This is a one-month delay. Gap, Inc. (GPS 16.68, -1.38, -7.6%) announced the departure of its CEO and issued downside EPS guidance.

The U.S. Treasury market finished relatively unchanged in a quiet session. The 2-yr yield declined one basis point to 1.66%, and the 10-yr yield increased one basis point to 1.93%. The U.S. Dollar Index increased 0.2% to 98.37. WTI crude increased 0.2% (+$0.10) to $57.21/bbl.

Reviewing Friday's economic data, which included the preliminary University of Michigan Consumer Sentiment Index for November and the Wholesale Inventories report for September:

The preliminary University of Michigan Consumer Sentiment Index for November crossed at 95.7 (Briefing.com consensus 95.0), which was slightly better than expected and roughly even with the final reading of 95.5 for October.
- The key takeaway from the report is that consumer expectations increased from October, underscoring an otherwise confident attitude that should continue to manifest itself in relatively solid consumer spending activity.
Wholesale inventories declined 0.4% m/m in September (Briefing.com consensus -0.1%), on top of a downwardly revised 0.1% increase (from +0.2%) in August. That was the largest decline since October 2017. Wholesale sales were flat in September after declining 0.1% in August.
- The key takeaway from the report is that it could prove difficult for wholesalers to gain pricing power given that inventory growth remains well ahead of sales growth on a yr/yr basis.

Investors will not receive any notable economic data on Monday.

Nasdaq Composite +27.7% YTD
S&P 500 +23.4% YTD
Dow Jones Industrial Average +18.7% YTD
Russell 2000 +18.6% YTD

Market Snapshot

Dow	27681.28	+6.44	(0.02%)
Nasdaq	8475.32	+40.80	(0.48%)
SP 500	3093.08	+7.90	(0.26%)
10-yr Note	-2/32	1.942

NYSE	Adv 1519	Dec 1383	Vol 824.0 mln
Nasdaq	Adv 1675	Dec 1390	Vol 2.0 bln

Industry Watch

Strong: Health Care, Information Technology

Weak: Energy, Utilities, Real Estate

Moving the Market

-- S&P 500, Nasdaq, Dow close week at record highs

-- President Trump said he had yet to agree to roll back existing tariffs; market remained optimistic

-- Walt Disney (DIS) beat earnings expectations

-- Relative strength in the health care sector

WTI crude futures inch higher, up nearly 2% this week
08-Nov-19 15:25 ET

Dow -19.22 at 27655.62, Nasdaq +28.43 at 8462.95, S&P +3.18 at 3088.36
[BRIEFING.COM] The S&P 500 is up near session highs with a gain of 0.1%. Any gain today would be a record close for the benchmark index.

One last look inside the S&P 500 sectors shows the health care sector (+0.7%) outperforming after AbbVie (ABBV 85.19, +3.18, +3.9%) submitted an FDA application for a cancer treatment. Conversely, the energy (-0.7%) and utilities (-0.7%) sectors remain today's laggards.

WTI crude futures settled up $0.10 (+0.2%) to $57.21/bbl. For the week, the commodity rose 1.8%.