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Quantamize End of Day Market Update

May 01, 2018

US Markets End of Day Snapshot

US equities were higher today, with the S&P 500 (+0.25%), Russell 2000 (+0.55%), and Nasdaq Composite (+0.91%).

The S&P 500 was led higher today by Technology (+1.25%), Real Estate (+0.71%), and Consumer Discretionary (+0.14%), while Telecom (-0.92%), Consumer Staples (-0.87%), and Energy (-0.61%) were the biggest lagging sectors.

S&P 500 Sector ETFs - End of Day

Russell 1000 Factor ETFs - End of Day

Stocks Trending in the News

Acadia Healthcare (ACHC) released 1Q2018 EPS that was slightly higher than the consensus ($0.52 vs $0.48 expected)

Anadarko (APC) announced 1Q2018 EPS that was firmly higher than estimates ($0.52 vs $0.40 consensus).

Apple (AAPL) released 2Q2018 EPS that was above expectations ($2.73 vs $2.64).

Arthur J Gallagher (AJG) posted 1Q2018 EPS that was slightly below expectations ($1.52 v $1.56 estimated).

Brooks Automation (BRKS) announced 2Q2018 EPS that was modestly higher than the consensus ($0.40 vs $0.37 estimated)

Coherent (COHR) released 2Q2018 EPS that was significantly below consensus ($3.37 vs $3.49 expected).

Match Group INC (MTCH) shares closed 22.09% lower today after Facebook (FB) announced that it is creating a dating feature on its site.

Cryptocurrency Update

Cryptocurrency Market Update

Major cryptocurrencies were lower today, with Bitcoin (-2.21%) and Bitcoin Cash (-3.08%). Ripple (+0.91%) was the only major cryptocurrency that was higher today. Notable top performers from the thirty cryptocurrencies which our machine learning signals follow include: Stratis (+6.22%) and Cardano (+6.19%) from yesterday’s UTC close using volume-weighted exchange pricing. Notable decliners were Nano (-5.03%) and Iota (-3.86%).

Cryptocurrency Market News

A venture capital firm backed by Peter Thiel has invested in a new startup that helps large investors trade bitcoin. The firm is called Tagomi, and is led by Greg Tusar, the former electronic trading chief at Goldman Sachs. SEC Commissioner, Robert Jackson said during an interview with CNBC that he believes ICOs will soon be regulated by the SEC. Jackson said the SEC will be thinking about ways to make cryptocurrency investments consistent with the regulatory body’s securities laws. CoinMarketCap has released an iOS mobile app and will list prices for hundreds of cryptocurrencies as well as trading volume data for exchanges. In 2018 alone, CoinmarketCap has received 60mm unique site visits. The Hong Kong Financial Services and Treasury (FSTB) released a report yesterday saying that virtual currencies play little impact in organized crime which contrasts some other governing bodies. CULedger, a credit union services firm that grew out of a blockchain-focused consortium effort, is now partnering with a distributed ledger technology firm called Hedera to build a public system for cross-border payments.