End of Day Market Update

May 02, 2018

US Markets End of Day Snapshot

US markets ended mixed today, with small-cap stocks continuing there outperformance of large-cap stocks from earlier today. S&P 500 (-0.72%), Russell 2000 (+0.30%), and Nasdaq (-0.42%).

The S&P 500 was led lower today by Consumer Staples (-1.96%), Health Care (-1.37%), and Financials (-1.13%), while Telecom (+1.18%), Energy (+0.41%), and Utilities ( -0.10%) were the biggest outperforming sectors.

S&P 500 Sector ETFs - End of Day

Russell 1000 Factor ETFs - End of Day

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

American International Group (AIG) posted 1Q2018 EPS that was significantly lower than expected ($1.04 vs $1.25 consensus).

Exelixis (EXLS) reported 1Q2018 EPS of $0.37, firmly higher than estimates of $0.17.

Express Scripts (ESRX) announced 1Q2018 EPS of $1.77, slightly below the consensus ($1.76 expected).

Fitbit (FIT) posted 1Q2018 EPS of -$0.17, $0.03 better than estimated (-$0.20 consensus).

Hyatt Hotels (H) reported 1Q2018 EPS that was in-line with expectations ($0.33 vs $0.33 estimated).

Kraft Heinz (KHC) posted 1Q2018 EPS that was firmly higher than projected ($0.89 vs $0.82 forecasted).

Marathon Oil (MRO) released 1Q2018 EPS that was slightly higher than expected ($0.18 vs $0.14 consensus).

MetLife, Inc. (MET) posted 1Q2018 EPS that was well above consensus ($1.36 vs $1.17 projected).

Prudential Financial (PRU) announced 1Q2018 EPS that was above expectations ($3.08 vs $2.98 projected).

Tesla (TSLA) released losses per share for 1Q2018 that were lower than expected (-$3.35 vs -$3.41 estimated).

Cryptocurrency Update

Cryptocurrency Market News

Coinbase has announced block trading on its platform in an attempt to increase interest by institutional investors. BMW, Ford, General Motors, and Renault are the founding members of the Mobility Open Blockchain Initiative (MOBI). MOBI’s goal is to create standards to enable data-sharing and payments between automobiles. A US judge ruled that Alibabacoin does not violate Alibaba’s trademark name. Alibaba claimed that Alibabacoin was misleading investors that Alibaba was behind the crypto project.