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Equity Roundup: Rebounding, AAPL, AMZN, INTC After Close

US STOCKS

SPX eminis trading firmer midmorning, well-off pre-open highs - stocks rebounding the moment (ESM2 +24.25 (0.58%) at 4204.75 vs: 4184.5L/4256.75H).
Initial key resistance at 4303.50/4355.50 High Apr 26 / Low Apr 18, followed by 4509.0 Apr 21 high.

  • Nevertheless, this week’s lows have reinforced current bearish conditions and confirmed a resumption of the current bear cycle: attn on 4129.50 Mar 15 low.
  • Heavy earnings docket continues: Eli Lilly (LLY), Caterpillar (CAT), Pulte Grp (PHM), Merck (MRK), Hershey (HSY), Twitter (TWTR) all announced/beat est.
  • After the close: Apple (AAPL), Western Digital (WDC), Intel (INTC), Amazon (AMZN).
  • SPX leading/lagging sectors: Communication Services leading after Wed's weakness (+2.31) lead by 14.83% surge in Meta (FB) while Google, Netflix and Twitter seeing firmer levels as well. Information Technology (+2.04%) with bounce in tech/hardware and semiconductor shares.
  • Laggers: Industrials (-0.26%) weighed down by Stanley Black & Decker (beating estimate but has weak outlook) and Caterpillar (CAT) also beat estimate -- but demand shock (as in lack of) from China spurred sales.
  • Meanwhile, Dow Industrials currently trades +102.29 points (0.31%) at 33406.8, Nasdaq +59.4 points (0.5%) at 12549.07.
  • Dow Industrials Leaders/Laggers: Visa added to Wed's rally, climbing over 220.0 Thu, McDonalds +6.59 at 253.69. Amgen (AMGN) lead laggers -2.18 at 236.61
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