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US STOCKS: Late Equities Roundup: Transportation, Pharmaceuticals Weighing

US STOCKS
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  • Close to prior levels in late Monday trade, stocks remain mixed with S&P EMINIS and Nasdaq outperforming modestly lower DJIA prices. Currently, the DJIA trades down 53.26 points (-0.12%) at 43392.89, S&P E-Minis up 22.75 points (0.39%) at 5919.75, Nasdaq up 116.6 points (0.6%) at 18797.16.
  • Industrials and Health Care sectors underperformed in the second half, as the former displaced the Financial sector shares. Transportation and shipping stocks led laggers: Uber -6.33% reportedly tied to talk president elect Trump will curtail autonomous driving restrictions. Meanwhile, Delta trades -1.17%, Southwest -1.07%, United Air -0.70%.
  • Pharmaceutical stocks continued to weigh on the Health Care sector, carry-over weakness after President elect Trump's choice of RF Kennedy Jr to head the Dept of Health & Human Services was announced last week: Eli Lilly -3.88%, West Pharmaceuticals -2.72%, Thermo Fisher -2.60%.
  • Conversely, Energy and Communication Services sectors outperformed late Monday, oil and gas shares bid on the back of higher crude prices (WTI +2.12 at 69.14): Diamondback Energy +3.06%, ONEOK +2.23%, Valero +2.24%. 
  • Interactive media and entertainment shares continued to buoy the Communication Services sector: Netflix +2.49%, Take Two Interactive +2.39%, Warner Bros +2.22% after resolving a dispute with the NBA and agreeing to a lucrative 11 year contract.
  • Big names still to report earnings this week include: Jacobs Solutions, Lowe's, Walmart, Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.
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  • Close to prior levels in late Monday trade, stocks remain mixed with S&P EMINIS and Nasdaq outperforming modestly lower DJIA prices. Currently, the DJIA trades down 53.26 points (-0.12%) at 43392.89, S&P E-Minis up 22.75 points (0.39%) at 5919.75, Nasdaq up 116.6 points (0.6%) at 18797.16.
  • Industrials and Health Care sectors underperformed in the second half, as the former displaced the Financial sector shares. Transportation and shipping stocks led laggers: Uber -6.33% reportedly tied to talk president elect Trump will curtail autonomous driving restrictions. Meanwhile, Delta trades -1.17%, Southwest -1.07%, United Air -0.70%.
  • Pharmaceutical stocks continued to weigh on the Health Care sector, carry-over weakness after President elect Trump's choice of RF Kennedy Jr to head the Dept of Health & Human Services was announced last week: Eli Lilly -3.88%, West Pharmaceuticals -2.72%, Thermo Fisher -2.60%.
  • Conversely, Energy and Communication Services sectors outperformed late Monday, oil and gas shares bid on the back of higher crude prices (WTI +2.12 at 69.14): Diamondback Energy +3.06%, ONEOK +2.23%, Valero +2.24%. 
  • Interactive media and entertainment shares continued to buoy the Communication Services sector: Netflix +2.49%, Take Two Interactive +2.39%, Warner Bros +2.22% after resolving a dispute with the NBA and agreeing to a lucrative 11 year contract.
  • Big names still to report earnings this week include: Jacobs Solutions, Lowe's, Walmart, Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.