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Late Equities Roundup: Extending Highs

US STOCKS
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  • Risk appetite improved, Eminis climbed to the best levels since April 12 as year end rate cut pricing gained after higher than expected weekly claims, the Bank of England's dovish hold delivery helped Gilts and EGBs more than Treasury in early trade. Currently, the DJIA is up 308.53 points (0.79%) at 39364.78, S&P E-Minis up 22.5 points (0.43%) at 5235, Nasdaq up 50.7 points (0.3%) at 16353.46.
  • Leading Gainers: Real Estate and Energy sectors continued to outperform in late trade, investment trusts - particularly specialized REITS supported the former: Equinix surged +11.41% after beating earnings and announcing a $4.26/share quarterly dividend late Wednesday, Digital Realty +2.67%, American Tower +2.55%. The Energy sector buoyed by Oil and gas services shares: Baker Hughes +2.24%, Halliburton +1.11%, Schlumberger +0.96%.
  • Laggers: Information Technology and Communication Services sectors continued to underperform in late trade, chip stocks scaling back midweek gains: Nvidia -1.57%, Broadcom -1.28%, Skyworks -0.88%. Meanwhile, interactive media and entertainment weighed on the communication sector: Charter Communication -0.49%, Take Two -0.36%, Google -0.09%.
  • The latest equity earnings cycle has nearly run it's course, some stragglers after today's close include: Insulet Corp, Akami Technologies, Guardant Health. Next week sees: Home Depot, Republic First Bancorp, CIsco, B Riley, Walmart, Deere & Co, Applied Materials and Take Two Entertainment.
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  • Risk appetite improved, Eminis climbed to the best levels since April 12 as year end rate cut pricing gained after higher than expected weekly claims, the Bank of England's dovish hold delivery helped Gilts and EGBs more than Treasury in early trade. Currently, the DJIA is up 308.53 points (0.79%) at 39364.78, S&P E-Minis up 22.5 points (0.43%) at 5235, Nasdaq up 50.7 points (0.3%) at 16353.46.
  • Leading Gainers: Real Estate and Energy sectors continued to outperform in late trade, investment trusts - particularly specialized REITS supported the former: Equinix surged +11.41% after beating earnings and announcing a $4.26/share quarterly dividend late Wednesday, Digital Realty +2.67%, American Tower +2.55%. The Energy sector buoyed by Oil and gas services shares: Baker Hughes +2.24%, Halliburton +1.11%, Schlumberger +0.96%.
  • Laggers: Information Technology and Communication Services sectors continued to underperform in late trade, chip stocks scaling back midweek gains: Nvidia -1.57%, Broadcom -1.28%, Skyworks -0.88%. Meanwhile, interactive media and entertainment weighed on the communication sector: Charter Communication -0.49%, Take Two -0.36%, Google -0.09%.
  • The latest equity earnings cycle has nearly run it's course, some stragglers after today's close include: Insulet Corp, Akami Technologies, Guardant Health. Next week sees: Home Depot, Republic First Bancorp, CIsco, B Riley, Walmart, Deere & Co, Applied Materials and Take Two Entertainment.