Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Return to Sender who wrote (85217)

6/21/2020 10:19:58 PM

From: Return to Sender

4 Recommendations

Recommended By
kckip
oldbeachlvr
Sam
Sr K

Read Replies (1) | Respond to of 95432

S&P 500 trims weekly gain, but not Nasdaq
19-Jun-20 16:15 ET

Dow -208.64 at 25871.48, Nasdaq +3.07 at 9946.13, S&P -17.60 at 3097.61

briefing.com

[BRIEFING.COM] The S&P 500 declined 0.6% on this quadruple-witching expiration Friday, as renewed concerns about a recovery and the coronavirus tempered the market's early enthusiasm. The Dow Jones Industrial Average lost 0.8%, and the Russell 2000 lost 0.6%. The Nasdaq Composite (+0.03%), however, eked out an incremental gain.

Today's price action was relatively volatile. The S&P 500 gained as much as 1.3% shortly after the open but then declined as much as 1.0% into negative territory by the afternoon. The following coronavirus-related developments were attributed to the intraday decline:

Apple (AAPL 349.72, -2.01, -0.6%) will reportedly re-close some stores in four states due to COVID risks. Arizona, Florida, and California reported noticeable increases in daily coronavirus cases. Boston Fed President Rosengren said a second-half economic rebound will likely be slower than initially hoped due to the continued spread of the coronavirus.

The market closed off its lows, but most sectors still finished lower, including the S&P 500 utilities (-3.1%) and energy (-1.7%) sectors at the bottom of the standings. The health care sector (+0.9%) was the lone sector in the green amid gains in its biotech components. The iShares NASDAQ Biotechnology ETF (IBB 137.85, +4.36) rose 3.3%.

CarMax (KMX 91.78, -6.13, -6.3%) was among the weakest performers in the S&P 500 after the company provided mixed earnings results. Shares initially traded higher after the company said sales have progressively improved since hitting a trough in early April.

U.S. Treasuries ended the session near their flat lines after trading lower in early action. The 2-yr yield and the 10-yield remained unchanged at 0.19% and 0.70%, respectively. The U.S. Dollar Index increased 0.3% to 97.67. WTI crude rose 2.5% (+$0.95) to $39.74/bbl.

Friday's economic data was limited to the Current Account Balance for the first quarter, which narrowed to $104.2 billion (Briefing.com consensus -$99.8 billion) from $109.8 billion in the fourth quarter of 2019. Looking ahead, investors will receive the Existing Home Sales report for May on Monday.

Nasdaq Composite +10.9% YTD
S&P 500 -4.1% YTD
Dow Jones Industrial Average -9.4% YTD
Russell 2000 -15.0% YTD

Market Snapshot

Dow	25871.48	-208.64	(-0.80%)
Nasdaq	9946.13	+3.07	(0.03%)
SP 500	3097.61	-17.60	(-0.56%)
10-yr Note	+1/32	0.695

NYSE	Adv 990	Dec 1868	Vol 3.5 bln
Nasdaq	Adv 1548	Dec 1792	Vol 6.0 bln

Industry Watch

Strong: Health Care

Weak: Utilities, Industrials, Real Estate, Energy

Moving the Market

-- Market tamed by coronavirus/recovery concerns

-- Arizona, Florida, and California report noticeable increases in COVID-19 cases

-- Apple (AAPL) reportedly planning to temporarily re-close some stores again due to COVID risks

-- Boston Fed President Rosengren offers cautious outlook on economy

WTI crude rises toward $40 per barrel
19-Jun-20 15:25 ET

Dow -40.19 at 26039.93, Nasdaq +17.72 at 9960.78, S&P -1.75 at 3113.46
[BRIEFING.COM] The S&P 500 has battled back to its flat line, as investors buy the intraday dip.

One last look at the S&P 500 sectors before the close shows health care (+1.0%), materials (+0.3%), and consumer discretionary (+0.2%) trading higher, while the industrials (-0.6%), utilities (-0.6%), and financials (-0.5%) sectors lag.

WTI crude settled today's session higher by $0.95 (+2.5%) to $39.74/bbl.

To: Return to Sender who wrote (85217)

6/22/2020 4:23:17 PM

From: Return to Sender

1 Recommendation

Recommended By
Sam

Read Replies (1) | Respond to of 95432

BPSOX Unchanged at 28 PnF Buy Signals:

Fri	Mon
ADI	ADI
AMAT	AMAT
AMD	AMD
ASML	ASML
AVGO	AVGO
CREE	CREE
ENTG	ENTG
IPHI	IPHI
KLAC	KLAC
LRCX	LRCX
MCHP	MCHP
MKSI	MKSI
MPWR	MPWR
MRVL	MRVL
MU	MU
MXIM	MXIM
NVDA	NVDA
NXPI	NXPI
ON	ON
QCOM	QCOM
QRVO	QRVO
SIMO	SIMO
SLAB	SLAB
SWKS	SWKS
TER	TER
TSM	TSM
TXN	TXN
XLNX	XLNX