Disney Plus Vaccine Hopes Lift Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Disney plus vaccine hopes lift stocks. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

Stock futures flat as investors await stimulus bill

U.S. stock futures were flat in overnight trading as investors eye any progress from Washington on a new coronavirus stimulus package. The White House and Democratic congressional leaders have reported some progress in the negotiations, but they remain apart on some issues. Dow futures rose 14 points.

The S&P 500 (SPY) rose +0.64% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Gains ranged from +1.91% to less than 1%. Losses ranged from -1.28% to less than 1%, check the sector graph for specifics.

The Dow Jones index added +373 points (+1.39%) to close at 27,201. The Nasdaq jumped +57 points (+0.52%) to settle at 10,998.

Disney Plus Vaccine Hopes Lift Stocks

Stocks ended in the green as strong earnings from Disney along with vaccine hopes pushed stocks higher.

Disney earned 8 cents per share, while analysts expected a loss of 64 cents per share. Disney said it now has 100 million paid subscribers across its streaming services, which include Disney+, Hulu and ESPN+. Shares of Disney popped 8.8%.

Vaccine Hopes

Johnson & Johnson announced it struck a $1 billion deal with the U.S. government to manufacture 100 million doses of its coronavirus vaccine candidate if it proves successful. J&J shares rose 0.9%. Novavax shares jumped 14.3% after the company reported phase one vaccine trial results that showed a positive immune response among patients.

ADP Payrolls Below Expectations

ADP reported Wednesday that private payrolls in the U.S. increased by just 167,000 in July. That’s well below a Dow Jones estimate of 1 million and represents a tumble from the 4.314 million added in June.

The ADP report is seen as a preview to the government’s monthly jobs report, which is forecast to show a gain of more than 1.2 million jobs.

Stimulus Package Progress

The White House appeared to make concessions in the bargaining over extended unemployment benefits. The Trump administration team reportedly offered to extend extra federal unemployment insurance into December at $400 per week. Still, lawmakers remain divided on certain issues including aid for state and local governments and funding for schools.

Key Takeaway…

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P 500 movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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8/5/20

S&P 500 Sector Graph

Disney Plus Vaccine Hopes Lift Stocks

S&P 500 (SPY)

Disney Plus Vaccine Hopes Lift Stocks

Communication Services (XLC)

Disney Plus Vaccine Hopes Lift Stocks

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 1: Basic Investment Strategy Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).

Consumer Discretionary (XLY)

Disney Plus Vaccine Hopes Lift Stocks

Consumer Staples (XLP)

Disney Plus Vaccine Hopes Lift Stocks

Energy (XLE)

Disney Plus Vaccine Hopes Lift Stocks

Financials (XLF)

Disney Plus Vaccine Hopes Lift Stocks

Real Estate (XLRE)

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Episode 2: Building a Diversified Portfolio – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 2: Building a Diversified Portfolio In this episode, I go over 5 stocks to build a diversified portfolio on. These are 5 stocks to hold for the long term in a retirement account such as a Roth or traditional IRA account.

Technology (XLK)

Disney Plus Vaccine Hopes Lift Stocks

Utilities (XLU)

S&P 500 Sector Heat Map

 

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