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Midday Market Update

May 11, 2018

US Market Snapshot

US markets are flat today, with a slight negative bias, with the S&P 500 (-0.03%), Russell 2000 (+0.04%), and the Nasdaq Composite (-0.25%).

The S&P 500 is being led lower today by Real Estate (-0.38%), Technology (-0.18%), and Consumer Staples (-0.18%), while Health Care (+0.51%), Energy (+0.44%), and Utilities (+0.36%) are the biggest outperforming 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.

Coty (COTY) has been downgraded from buy to hold at Deutsche Bank.

GameStop (GME) CEO Michael Mauler unexpectedly resigned from his position after only 3 months in his role, citing personal reasons as the cause for his departure. Daniel DeMatteo has replaced Mauler until a more permanent CEO can be found.

MGM Resorts (MGM) will be buying back $2 billion worth of shares, after recently completing a $1 billion repurchase.

RAIT Finl (RAS) announced that a Chapter 11 Bankruptcy filing may be unavoidable, as the company seeks alternative to address liquidity and capital structure issues.  

Symantec (SYMC) shares are trading 35% lower after the cybersecurity software company disclosed that an internal investigation was forcing the company to delay filing its annual report.

WideOpenWest (WOW) reported 1Q2018 EPS that was moderately above expectations ($0.19 vs $0.16).

Volkswagen AG (XTRA:VOW3) is planning to recall its Polo model to fix problems with the cars seat belts. Volkswagen issued a statement warning that rear-passenger seat belts may unbuckle during rapid car movement.

Cryptocurrency Market Update