| To: Return to Sender who wrote (83487) | 6/17/2019 4:38:25 PM | | From: Return to Sender | | | | Wall Street begins the week slightly higher ahead of Fed meeting
17-Jun-19 16:15 ET
Dow +22.92 at 26112.53, Nasdaq +48.37 at 7845.01, S&P +2.69 at 2889.67
briefing.com
[BRIEFING.COM] The stock market increased modestly on Monday, finding support in the technology stocks while market participants eyed a key policy decision from the Federal Reserve later this week. The S&P 500 eked out a gain of 0.1%, finishing near its session lows.
The Dow Jones Industrial Average increased 0.1%, the Nasdaq Composite increased 0.6%, and the Russell 2000 increased 0.7%.
The Federal Open Market Committee will release its rate decision at the conclusion of its two-day policy meeting on Wednesday. While no rate cut is expected, expectations are high for the Fed to signal it is willing to lower rates sooner rather than later.
These high hopes lifted the S&P 500, Dow, and Nasdaq to monthly gains of at least 5.0%, including Monday's advance. With decent gains already registered ahead of the meeting, and still no progress on the U.S.-China trade front, investors showed little conviction in buying the broader market.
The S&P 500 sectors finished mixed. The S&P 500 communication services sector (+1.1%) outperformed on the back of Facebook (FB 189.01, +7.68, +4.2%) and Netflix (NFLX 350.62, +10.89, +3.2%). The real estate (+1.1%) and energy (+0.9%) sectors also outperformed, while the financials (-0.9%) and materials (-0.9%) sectors dragged on the broader market.
Facebook continued to outperform ahead of the release of its cryptocurrency white paper tomorrow. Many analysts have speculated that its cryptocurrency project will provide new growth opportunities. Netflix benefited from comments out of Piper Jaffray, which expects the company to provide solid Q2 results next month.
In M&A news, Array Biopharma (ARRY 46.44, +16.85, +56.9%) and Sotheby's (BID 56.13, +20.74, +58.6%) agreed to be acquired for hefty premiums of over 60%. Array Biopharma will be acquired by Pfizer (PFE 42.88, +0.12, +0.3%) for approximately $11.4 billion, or $48 per share, in cash. Sotheby's will be acquired by private investor Patrick Drahi for $3.7 billion, or $57 per share, in cash.
U.S. Treasuries finished little changed. The 2-yr yield increased one basis point to 1.85%, and the 10-yr yield decreased one basis point to 2.09%. The U.S. Dollar Index was unchanged at 97.57. WTI crude fell 1.5% to $51.76/bbl.
Reviewing Monday's economic data, which included the Empire State Manufacturing Survey for June and the NAHB Housing Market Index for June:
- The Empire State Manufacturing Survey for June fell to -8.6 from the prior month's reading of 17.8. The 26 point drop was the largest monthly decline on record, sending it comfortably below 0.0, which is the dividing line between expansion and contraction for this report.
- The NAHB Housing Market Index for June came in at 64 (Briefing.com consensus 66), down from 66 from May.
Looking ahead, investors will receive Housing Start and Building Permits for May on Tuesday.
- Nasdaq Composite +18.2% YTD
- S&P 500 +15.3% YTD
- Russell 2000 +13.6% YTD
- Dow Jones Industrial Average +11.9% YTD
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| To: Return to Sender who wrote (83485) | 6/18/2019 4:04:57 PM | | From: Return to Sender | | | | BPNDX rises 4 to 66 - [FB GOOGL INCY NVDA added]
66
Tues
Jun 18
| Symbol | Symbol | | AAPL | AAPL | | ADI | ADI | | ADP | ADP | | AMAT | AMAT | | AMD | AMD | | AMGN | AMGN | | AMZN | AMZN | | BMRN | BMRN | | CELG | CELG | | CERN | CERN | | CHKP | CHKP | | CHTR | CHTR | | CMCSA | CMCSA | | COST | COST | | CSCO | CSCO | | CSX | CSX | | CTAS | CTAS | | CTSH | CTSH | | DLTR | DLTR | | EA | EA | | EBAY | EBAY | | FAST | FAST | | FISV | FB | | GILD | FISV | | HAS | GILD | | HSIC | GOOGL | | IDXX | HAS | | ILMN | HSIC | | INTU | IDXX | | ISRG | ILMN | | LBTYA | INCY | | LRCX | INTU | | LULU | ISRG | | MAR | LBTYA | | MDLZ | LRCX | | MELI | LULU | | MNST | MAR | | MSFT | MDLZ | | MXIM | MELI | | NFLX | MNST | | NTAP | MSFT | | ORLY | MXIM | | PAYX | NFLX | | PCAR | NTAP | | PEP | NVDA | | PYPL | ORLY | | REGN | PAYX | | ROST | PCAR | | SBUX | PEP | | SIRI | PYPL | | SNPS | REGN | | SWKS | ROST | | TMUS | SBUX | | TSLA | SIRI | | TTWO | SNPS | | ULTA | SWKS | | VRSK | TMUS | | VRSN | TSLA | | VRTX | TTWO | | WLTW | ULTA | | XLNX | VRSK | | XRAY | VRSN |
| VRTX |
| WLTW |
| XLNX |
| XRAY | |
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| To: Return to Sender who wrote (83491) | 6/18/2019 4:43:43 PM | | From: Return to Sender | | | |
Stocks rally on trade optimism, dovish expectations
18-Jun-19 16:20 ET
Dow +353.01 at 26465.54, Nasdaq +108.86 at 7953.87, S&P +28.08 at 2917.75
briefing.com
[BRIEFING.COM] The stock market rallied on Tuesday, boosted by U.S.-China trade optimism and dovish comments out of the European Central Bank (ECB). Each of the major indices advanced between 1.0% (S&P 500) and 1.4% (Nasdaq Composite).
The advance began overnight after ECB President Mario Draghi said the central bank is willing to provide additional stimulus if economic conditions don't improve and inflation remains low. Sovereign bond yields fell on the news, sending Germany's 10-yr bund yield to a fresh record low at -0.32%, while U.S. equity futures pushed higher.
U.S. stocks took a leg higher minutes after the opening bell after President Trump updated the market with U.S.-China trade news. Specifically, the president tweeted that the U.S. will resume trade talks with Beijing before the G-20 summit and that he will have an extended meeting at G-20 with President Xi.
Increased hopes for a trade deal contributed to an 4.6% gain in the price of oil ($54.16/bbl, +$2.40) and to the outperformance of the S&P 500 cyclical sectors. The industrials (+1.9%), information technology (+1.7%), energy (+1.4%), and financials (+1.3%) sectors finished with gains above 1.0%.
Apple (AAPL 198.45, +4.56, +2.4%) and the semiconductor space, both of which are highly sensitive to U.S.-China trade relations, also outperformed the broader market. The Philadelphia Semiconductor Index climbed 4.3%. Conversely, the defensive-oriented consumer staples (-0.6%), real estate (-0.3%), and utilities (-0.3%) sectors were the lone sectors that finished lower.
The Fed will presumably keep a watchful eye as to how trade talks unfold in front of its July meeting. In the meantime, its two-day policy meeting wraps up tomorrow with a rate decision due in the afternoon. While no rate cut is expected, the market has high expectations for the Fed to take a dovish-minded stance like its European counterpart in its policy directive.
U.S. Treasuries spent a bulk of intraday action pulling back from session highs, leaving yields slightly lower. The 2-yr yield declined one basis point to 1.84%, and the 10-yr yield declined three basis points to 2.06%. The U.S. Dollar Index increased 0.1% to 97.62.
Separately, Facebook (FB 188.47, -0.54, -0.3%) released the white paper for its cryptocurrency project. The stock popped to a 2.9% gain at the open, but quickly retreated and finished in negative territory, as the stock had already climbed over 15% since June 3 prior to the session.
Reviewing Tuesday's economic lone economic report, Housing Starts and Building Permits for May:
- Housing starts dipped 0.9% m/m in May to a seasonally adjusted annual rate of 1.269 million (Briefing.com consensus 1.240 million) from an upwardly revised 1.281 million (from 1.235 million) in April. Permits increased 0.3% m/m in May to a seasonally adjusted annual rate of 1.294 million (Briefing.com consensus 1.295 million) from an upwardly revised 1.290 million (from 1.269 million) in April.
- The key takeaway from the report was that the number of units under construction at the end of the period held at a seasonally adjusted annual rate of 1.131 million for the third straight month. That left the second quarter average 1.5% below the first quarter average, which will be a negative input for Q2 GDP forecasts.
Looking ahead, investors will receive the FOMC's Rate Decision and the weekly MBA Mortgage Applications Index on Wednesday.
- Nasdaq Composite +19.9% YTD
- S&P 500 +16.4% YTD
- Russell 2000 +15.0% YTD
- Dow Jones Industrial Average +13.5% YTD
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| From: Sam | 6/19/2019 5:18:57 AM | | | | | | Carlyle’s Rubenstein: I’ve spoken to US and Chinese officials and I see a trade
deal by year-end
Published Tue, Jun 18 2019 7:45 AM EDT Updated Tue, Jun 18 2019 9:48 AM EDT
Matthew J. Belvedere @Matt_Belvedere
Key Points
- “I do think there will be a resolution before the end of the year” in the U.S.-China trade war, says private equity billionaire David Rubenstein.
- Rubenstein says he’s spoken to U.S. and Chinese officials. “My view is both sides want a deal.”
- He predicts that President Trump and Chinese President Xi Jinping will meet at this month’s G-20 summit .
cnbc.com |
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| To: Sweet Ol who wrote (83493) | 6/19/2019 12:25:16 PM | | From: Return to Sender | | | | The columns represent Point and Figure buy signals for the Nasdaq 100. Here is an explanation from StockCharts.com where I get the data. It's also where Gottfried got the data before he stopped sharing here:
Point & Figure Buy Signal
Initiated when a column of X's goes higher than the previous column of X's. The signal remains in effect until a P&F Sell Signal occurs. This very simple pattern is used to calculate the various Bullish Percent Indexes.
Here is a long term chart of BPNDX of mine. Note that readings over 70 are considered overbought while readings under 30 are considered oversold. There is a lot more information on this chart than just that but that is the basic premise for following Point and Figure buy signals on any index.
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