Energy Alongside Earnings Easing Investor Concerns

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as energy alongside earnings easing investor concerns. 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:

US futures signal lower open ahead of busy earnings week

U.S. stock index futures were lower Monday morning ahead of what could be a quiet day of trading following the Easter break but one of the busiest earnings weeks of the season. Around 1.30 a.m. ET, Dow futures fell 33 points, indicating a negative open of 25 points.

The S&P 500 (SPY) inched up +0.10% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Real estate (XLRE) led decliners down with a loss of 1.10%. Consumer discretionary (XLY), financials (XLF), industrials (XLI), materials (XLB) and utilities (XLU) each suffered losses of less than 1%. Energy (XLE) led advancers with a +2.11% gain. Communication services (XLC), consumer staples (XLP), healthcare (XLV) and technology (XLK) each enjoyed minor gains of less than 1%.

The Dow Jones index dropped 48 points (-0.18%) to close at 26,511. The Nasdaq added +17 points (+0.22%) to settle at 8,015.

Energy Alongside Earnings Easing Investor Concerns

Stocks ended mixed on Monday as energy and earnings results supported the market. Boeing’s (BA) troubles continued as the New York Times reported Boeing workers have complained about production and safety practices. US oil jumped almost 3% after the Trump administration will not allow the purchase of Iranian oil for some countries. Energy (XLE) popped +2.11% today and is up 17.16% YTD. 76.5% of S&P 500 companies who have reported earnings have beaten estimates. When reading the above CNBC article, I came across the quote, “First-quarter earnings are coming in slightly better, so it’s removed some of the concern from the market,” said Robert Pavlik, chief investment strategist at SlateStone Wealth. “But not enough to move investors out of the sidelines.” “I think that’s one of the reasons the market is consolidating,” he said.

Key Takeaways…

I took the following CNBC screenshots this morning regarding today’s earnings beats, energy this year, HMO managed care and earnings season. Earnings calendar credit: Earnings Whispers.

Energy Alongside Earnings Easing Investor Concerns

Energy Alongside Earnings Easing Investor Concerns

Energy Alongside Earnings Easing Investor Concerns

Energy Alongside Earnings Easing Investor Concerns

Energy Alongside Earnings Easing Investor Concerns

Energy Alongside Earnings Easing Investor Concerns

Notable S&P Movers…

Below I’ve highlighted some notable S&P 500 movers (both winners and 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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4/22/19

S&P 500 Sector Graph

Energy Alongside Earnings Easing Investor Concerns

S&P 500 (SPY)

Energy Alongside Earnings Easing Investor Concerns

Communication Services (XLC)

Energy Alongside Earnings Easing Investor Concerns

Consumer Discretionary (XLY)

Energy Alongside Earnings Easing Investor Concerns

Consumer Staples (XLP)

Energy Alongside Earnings Easing Investor Concerns

Energy (XLE)

Energy Alongside Earnings Easing Investor Concerns

Financials (XLF)

Energy Alongside Earnings Easing Investor Concerns

Real Estate (XLRE)

Energy Alongside Earnings Easing Investor Concerns

Healthcare (XLV)

Energy Alongside Earnings Easing Investor Concerns

Industrials (XLI)

Energy Alongside Earnings Easing Investor Concerns

Materials (XLB)

Energy Alongside Earnings Easing Investor Concerns

Technology (XLK)

Energy Alongside Earnings Easing Investor Concerns

Utilities (XLU)

Energy Alongside Earnings Easing Investor Concerns

S&P 500 Sector Heat Map

Energy Alongside Earnings Easing Investor Concerns

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