Latest from the Quantamize Blog

End of Day Market Update

May 08, 2018

US Markets End of Day Snapshot

US equity markets ended flat today after President Trump's descion to withraw from the Iran nuclear deal. The S&P 500 (-0.01%) and Nasdaq Composite (+0.02%) were little changed, while the Russell 2000 (+0.47%) rallied.

The S&P 500 was led lower today by Utilities (-2.52%), Health Care (-0.75%), and Real Estate (-0.70%), while Energy (+0.80%), Financials (+0.69%), and Industrials (+0.69%) 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.

Alibaba (BABA) has acquired Pakistani e-commerce firm Daraz. The financial details of the deal were not disclosed.

Capital One Financial Corp (COF) will conduct share repurchases using capital from the sale of $17 billion worth of mortgages to Credit Suisse Group AG (SWX:CSGN).

Deutsche Bank (DB:DBK) is reportedly considering a 20% reduction in the number of its employees in US markets.

Diamondback Energy (FANG) reported 1Q2018 EPS that was above expectations ($1.65 vs $1.57 projected).

Diodes Inc (DIOD) released 2Q2018 EPS that was above consensus ($0.48 vs $0.40 projected).

Electronic Arts (EA) posted 4Q2018 adjusted EPS that was firmly higher than forecasted ($1.28 vs $1.16 consensus).

Fossil Group (FOSL) announced 1Q2018 adjusted EPS that was softer than estimated (-$0.99 vs $0.96 expected).

Jazz Pharmaceuticals (JAZZ) released 1Q2018 adjusted EPS of $2.98, ahead of $2.72 EPS projections.

Walt Disney Co (DIS) reported 2Q2018 adjusted EPS that was higher than expected ($1.84 vs $1.70 estimated)

Cryptocurrency Market Update

Major Cryptocurrencies fell today, with Bitcoin (-3.50%), Ethereum (-5.86%), Ripple (-5.06%), and Bitcoin Cash (-6.55%) significantly lower. Other notable decliners were Ethereum Classic (-8.76%), NEM (-6.89%), and Dash (-6.89%). Bytecoin (+79.02%), Siacoin (+4.19%), and EOS (+2.18%) were notable gainers.

Cryptocurrency News
  • Oracle is launching its blockchain service platform later this month according to Bloomberg. Microsoft and IBM have also launched similar blockchain service products
  • The Australian government is budgeting roughly USD$521,000 (AUD$700,000) for its Digital Transformation Agency for Blockchain research
  • The Intercontinental Exchange (ICE) is planning to create a cryptocurrency exchange (Click here for our blog post from earlier today)