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US STOCKS: Off Lows, Pharmaceuticals Continue To Underperform

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are trading mixed by midmorning, SPX Eminis and Nasdaq outperforming weaker DJIA prices Monday, prices off lows with Financials and Health Care sectors weighing. Currently, the DJIA trades down 9.81 points (-0.02%) at 43434.36, S&P E-Minis up 24 points (0.41%) at 5920.25, Nasdaq up 154 points (0.8%) at 18833.88.
  • 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 -4.25%, Amgen -2.04%, Charles River Labs -1.11%.
  • Banks and services shares weighed on the Financial sector: Arch Capital Group -5.60% (ex-div after announcing a $5 special dividend on November 8), Discover Financial Services -1.24%, Synchrony Financial -1.15%, Goldman Sachs -1.12%.
  • Meanwhile, Consumer Discretionary and Communication Services sectors outperformed in the first half, autos and parts suppliers supporting the former: Tesla +7.85% compared to Ford +1.41%, Genuine Parts +3.81%, AutoZone +0.88%.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Warner Bros +3.80% after resolving a dispute with the NBA and agreeing to a lucrative 11 year contract, Live Nation +2.29%, Netflix +1.66.
  • 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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  • Stocks are trading mixed by midmorning, SPX Eminis and Nasdaq outperforming weaker DJIA prices Monday, prices off lows with Financials and Health Care sectors weighing. Currently, the DJIA trades down 9.81 points (-0.02%) at 43434.36, S&P E-Minis up 24 points (0.41%) at 5920.25, Nasdaq up 154 points (0.8%) at 18833.88.
  • 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 -4.25%, Amgen -2.04%, Charles River Labs -1.11%.
  • Banks and services shares weighed on the Financial sector: Arch Capital Group -5.60% (ex-div after announcing a $5 special dividend on November 8), Discover Financial Services -1.24%, Synchrony Financial -1.15%, Goldman Sachs -1.12%.
  • Meanwhile, Consumer Discretionary and Communication Services sectors outperformed in the first half, autos and parts suppliers supporting the former: Tesla +7.85% compared to Ford +1.41%, Genuine Parts +3.81%, AutoZone +0.88%.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Warner Bros +3.80% after resolving a dispute with the NBA and agreeing to a lucrative 11 year contract, Live Nation +2.29%, Netflix +1.66.
  • 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.