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 
ETF Ticker Sector  1 Day % Move
XLE Energy 0.26%
XLU Utilities 0.12%
XLF Financials 0.11%
XLY Consumer Discretionary 0.03%
XLP Consumer Staples -0.30%
XLRE Real Estate -0.34%
XLI Industrials -0.52%
XLK Technology -0.57%
XLB Materials -0.71%
XLV Health Care -0.80%
XTL Telecom -1.51%

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 0.68%
Madrid Ibex 35 Index 0.56%
Germany DAX Index (Performance) 0.25%
STOXX Europe 600 Index (EUR) 0.17%
FTSE 100 Index 0.09%