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Late Equities Roundup: IT, Consumer Shares Lead Gainers

US STOCKS
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  • Stocks remained mixed on narrow ranges late Friday, a quiet end to a hectic week that saw S&P Eminis see-saw off Monday's 3-month lows. Currently, the DJIA trades down 18.52 points (-0.05%) at 39427.53, S&P E-Minis up 11.25 points (0.21%) at 5359.5, Nasdaq up 53.9 points (0.3%) at 16713.99.
  • Information Technology and Consumer Discretionary sectors led gainers in late trade, software and services shares outpaced semiconductor makers: Akamai Tech +11.0% after beating earnings estimates late Thursday, Palo Alto Networks +4.14%, Broadcom +2.43%.
  • The Consumer Discretionary sector was supported by a mix of travel, auto and food related stocks: recovering from midweek lows, Expedia climbed 9.86% after beating earnings expectations late Thursday, Chipotle +2.14%, GM +1.78%.
  • Conversely, Industrials and Materials sectors underperformed in the second half, transportation shares weighing on the former: Old Dominion -1.64%, Union Pacific -1.07%, Delta Air -1.06%. The Materials sector underperformed as container and construction stocks traded lower: Ball Corp -1.33%, Packaging Corp of America -1.21%, Martin Marietta Materials -1.2%.
  • While the latest earnings cycle is approximately 82% complete, there are a number of announcements expected next week: Home Depot early Tuesday; Brinker Int, Samsonite and Cisco late Wednesday; Walmart, Applied Materials and Deere & Co on Thursday.
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  • Stocks remained mixed on narrow ranges late Friday, a quiet end to a hectic week that saw S&P Eminis see-saw off Monday's 3-month lows. Currently, the DJIA trades down 18.52 points (-0.05%) at 39427.53, S&P E-Minis up 11.25 points (0.21%) at 5359.5, Nasdaq up 53.9 points (0.3%) at 16713.99.
  • Information Technology and Consumer Discretionary sectors led gainers in late trade, software and services shares outpaced semiconductor makers: Akamai Tech +11.0% after beating earnings estimates late Thursday, Palo Alto Networks +4.14%, Broadcom +2.43%.
  • The Consumer Discretionary sector was supported by a mix of travel, auto and food related stocks: recovering from midweek lows, Expedia climbed 9.86% after beating earnings expectations late Thursday, Chipotle +2.14%, GM +1.78%.
  • Conversely, Industrials and Materials sectors underperformed in the second half, transportation shares weighing on the former: Old Dominion -1.64%, Union Pacific -1.07%, Delta Air -1.06%. The Materials sector underperformed as container and construction stocks traded lower: Ball Corp -1.33%, Packaging Corp of America -1.21%, Martin Marietta Materials -1.2%.
  • While the latest earnings cycle is approximately 82% complete, there are a number of announcements expected next week: Home Depot early Tuesday; Brinker Int, Samsonite and Cisco late Wednesday; Walmart, Applied Materials and Deere & Co on Thursday.