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US STOCKS: Early Equities Roundup: Super Micro Computer Surge Buoys IT Sector

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to trade near steady to mixed Tuesday, S&P Eminis and Nasdaq indexes outperforming modestly weaker DJIA ahead midday. Currently, the DJIA trades down 144 points (-0.33%) at 43245.55, S&P E-Minis up 5.25 points (0.09%) at 5925.5, Nasdaq up 96.5 points (0.5%) at 18888.16.
  • Information Technology and Consumer Staples sectors led gainers in the first half, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Ahead midday, Super Micro Computer was +34.29%, Nvidia +2.65%, Arista Networtks +1.26%.
  • The Consumer Staples sector was buoyed by retail distribution shares: Walmart +3.85% after reporting strong Q3 earnings, Archer-Daniels-Midland +1.25%, J M Smucker +1.15%.
  • Conversely, Materials and Energy sectors underperformed in the first half, chemical stocks weighing on the former: Eastman Chemical -1.83%, PPG Industries -1.52%, Dow Inc -1.45%. Oil and gas stocks pared prior session gains as crude prices eased (WTI -0.31 at 68.85): Devon Energy -1.88%, Schlumberger -1.59%, APA Corp -1.34%. 
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.
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  • Stocks continue to trade near steady to mixed Tuesday, S&P Eminis and Nasdaq indexes outperforming modestly weaker DJIA ahead midday. Currently, the DJIA trades down 144 points (-0.33%) at 43245.55, S&P E-Minis up 5.25 points (0.09%) at 5925.5, Nasdaq up 96.5 points (0.5%) at 18888.16.
  • Information Technology and Consumer Staples sectors led gainers in the first half, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Ahead midday, Super Micro Computer was +34.29%, Nvidia +2.65%, Arista Networtks +1.26%.
  • The Consumer Staples sector was buoyed by retail distribution shares: Walmart +3.85% after reporting strong Q3 earnings, Archer-Daniels-Midland +1.25%, J M Smucker +1.15%.
  • Conversely, Materials and Energy sectors underperformed in the first half, chemical stocks weighing on the former: Eastman Chemical -1.83%, PPG Industries -1.52%, Dow Inc -1.45%. Oil and gas stocks pared prior session gains as crude prices eased (WTI -0.31 at 68.85): Devon Energy -1.88%, Schlumberger -1.59%, APA Corp -1.34%. 
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.