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Equity Roundup: Consumer Discretionary, Communication Services Lead

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Major indexes trading mildly firmer, inside narrow range ahead midday, Consumer Discretionary and Communication Services sectors leading gains. SPX eminis currently trades +8.25 (0.2%) at 4084; DJIA +44.51 (0.13%) at 33993.14; Nasdaq +66.1 (0.6%) at 11577.72.

  • SPX leading/lagging sectors: Consumer Discretionary next up (+1.40%) lead by auto maker Tesla for a second day: +4.94% after positive midweek earnings, strong guidance and price target upgrades (Wedbush and Cowen). GM (+1.81%) and F (+0.54%) up as well. Communication Services (+0.67%) lead by interactive media and entertainment (Meta +2.51%, Google +1.22%).
  • Laggers: Energy (-1.21%) weighed by oil and gas refiners (CVX -4.37% after disappointing earnings $4.09 EPS vs $4.27 est), followed by Health Care (-0.60%) managed health care providers underperforming (HUM -2.88%, CNC -2.15%, ELV -1.99%).
  • Dow Industrials Leaders/Laggers: Despite missing earnings est ($2.07 vs. $2.22) American Express (AXP) has surged over 10% (+16.92 at 172.8) on dividend increase. Visa (V) +4.77 at 229.48, Caterpillar (CAT) +1.59 at 263.71.
  • Laggers: Chevron (CVX) -7.55 at 180.24, United Health (UNH) -7.36 at 485.12, Travelers (TRV) -3.89 at 188.22.
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Major indexes trading mildly firmer, inside narrow range ahead midday, Consumer Discretionary and Communication Services sectors leading gains. SPX eminis currently trades +8.25 (0.2%) at 4084; DJIA +44.51 (0.13%) at 33993.14; Nasdaq +66.1 (0.6%) at 11577.72.

  • SPX leading/lagging sectors: Consumer Discretionary next up (+1.40%) lead by auto maker Tesla for a second day: +4.94% after positive midweek earnings, strong guidance and price target upgrades (Wedbush and Cowen). GM (+1.81%) and F (+0.54%) up as well. Communication Services (+0.67%) lead by interactive media and entertainment (Meta +2.51%, Google +1.22%).
  • Laggers: Energy (-1.21%) weighed by oil and gas refiners (CVX -4.37% after disappointing earnings $4.09 EPS vs $4.27 est), followed by Health Care (-0.60%) managed health care providers underperforming (HUM -2.88%, CNC -2.15%, ELV -1.99%).
  • Dow Industrials Leaders/Laggers: Despite missing earnings est ($2.07 vs. $2.22) American Express (AXP) has surged over 10% (+16.92 at 172.8) on dividend increase. Visa (V) +4.77 at 229.48, Caterpillar (CAT) +1.59 at 263.71.
  • Laggers: Chevron (CVX) -7.55 at 180.24, United Health (UNH) -7.36 at 485.12, Travelers (TRV) -3.89 at 188.22.