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Midday Market Update

May 07, 2018

US Market Snapshot

US markets are rallying today, with the S&P 500 (+0.56%), Russell 2000 (+1.01%), and the Nasdaq Composite (+0.90%).

The S&P 500 is being led higher today by Energy (+1.98%), Telecom (+1.04%), and Technology (+1.01%), while Consumer Staples (-0.47%), Utilities (-0.16%), and Health Care (+0.11%) are the biggest lagging sectors.

S&P 500 Sector ETFs - Intraday
Russell 1000 Factor ETFs - Intraday 

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Elliot Management Corp has reportedly made a $6.46 billion bid for Athenahealth (ATHN), valuing the company’s stock at $160 per share.

Kosmos Energy (KOS) shares are 8.56% higher today after the company announced 1Q2018 EPS declines that were less severe than expected (-$0.06 vs $0.12 projected).

Lockheed Martin (LMT) has come to terms with the US government on an $828 million contract, under which the company will produce Guided Multiple Launch Rocket System rockets and equipment.

Mondelez (MDLZ) has agreed to acquire Tate’s Bake Shop for nearly $500 million.

Shake Shack (SHAK) has been downgraded to underweight at JP Morgan, with a price target of $49 for December 2018.

Sempra Energy (SRE) released 1Q2018 EPS that fell significantly short of expectations ($1.43 vs $1.67 consensus).

Cryptocurrency Market Update