Quantamize Midday Market Update
Apr 30, 2018
US Market Snapshot
US Markets are mostly lower today. The S&P 500 is down 0.27%, Russell 2000 is down 0.30%, and the Nasdaq Composite is down 0.49%.
The S&P 500 is being led lower today by Telecom (-1.51%), Health Care (-0.80%), and Materials (-0.71%), while Energy (+0.26%), Utilities (+0.12%), and Financials (+0.11%) are the biggest outperforming sectors.
S&P 500 Sector ETFs- Intraday
||1 Day % Move
Stocks Trending in the News
Armstrong World (AWI) reported 1Q2018 EPS that was slightly softer than expected ($0.79 vs $0.80 estimate).
Colgate-Palmolive’s (CL) price target has been cut to $69 from $80 by Morgan Stanley, citing concerns about long-term growth and strategic opportunities.
First Data (FDC) reported 1Q2018 EPS that was above estimates ($0.29 vs $0.26 consensus) and adjusted its FY2018 EPS outlook upward ($1.42-$1.47 vs $1.35-$1.40 previously).
Molina Healthcare (MOH) reported 1Q2018 EPS that was firmly above consensus ($1.64 vs $1.37 expected).
Salini Impregilo SpA (SAL.IM), an Italian construction and engineering firm, saw shares rise 6.17% after announcing that the company had hired Goldman Sachs to assess the potential sale of its plants and paving units.
Volkswagen AG (VOW.GR) and Chinese ride-sharing company Didi Chuxing are reportedly in discussions about creating a joint venture to exchange technology and develop services in China.
Europe at the Close
|Europe Market Indicies
||1D % Move
|Paris CAC 40 Index
|Madrid Ibex 35 Index
|Germany DAX Index (Performance)
|STOXX Europe 600 Index (EUR)
|FTSE 100 Index