January 26, 2023 17:55 GMT
Equity Roundup: Oil & Gas, Automakers Outperforming
US STOCKS
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Major indexes trading firmer/inside session range ahead midday, Energy and Consumer Discretionary sectors outperforming. SPX eminis currently trades +20.25 (0.5%) at 4052; DJIA +65.82 (0.2%) at 33809.55; Nasdaq +113 (1%) at 11426.19.
- SPX leading/lagging sectors: Energy (+2.24%) lead by O&G refiners (CVX +4.20%, XOM +3.13%, OXY +2.54%, VLO +2.0%). Consumer Discretionary next up (+1.54%) lead by auto makers, Tesla +8.18% following earnings, strong guidance (not to mention price target upgrades from Wedbush and Cowen).
- Laggers: Materials and Consumer Staples both -0.35%, followed by Health Care (-0.25%), pharmaceuticals and bio-tech names weighing on the latter (PFE -2.62%, MRK -1.99%, BMY -1.5%).
- Dow Industrials Leaders/Laggers: Chevron (CVX) +7.68 at 186.75, Microsoft (MSFT) +4.63 at 245.24, Salesforce.com (CRM) +4.50 at 160.67. Laggers: IBM -6.80 at 133.96, AMGN -3.23 at 253.31, Merck (MRK) -2.12 at 106.47.
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