blog

Latest from the Quantamize Blog

Midday Market Update

May 21, 2018

US Market Snapshot

US Markets are higher today, with the S&P 500 (+0.76%), Russell 2000 (+0.64%), and the Nasdaq Composite (+0.58%).

The S&P 500 is being led higher today by Industrials (+1.49%), Real Estate (+0.95%), and Technology (+0.86%), while Telecom (-0.27%), Utilities (+0.33%), and Health Care (+0.38%) are the biggest lagging sectors.

*Data in Price Return

S&P 500 Sector ETFs - Intraday

*Data in Price Return

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Blackstone Group LP (BX) has agreed to acquire LaSalle Hotel Properties (LHO) for $4.8 billion in an all-cash transaction.

Campbell Soup (CPB) has been downgraded to underperform, from a neutral rating, at Bank of America. Bank of America sees 2019 as a transition year for Campbell’s and expects lower profitability due to management changes, strategic review, and rising costs.

Deere & Company (DE) shares are trading 1.87% higher today after President Donald Trump tweeted that China will be making “massive” purchases of US agricultural products.

NextEra Energy Inc (NEE) will reportedly be acquiring $5.1 billion in assets from Southern Co. The assets to be acquired includes Southern Co’s Gulf Power and Florida Gas subsidiaries.

Roper Technologies (ROP) agreed to acquire software solutions firm PowerPlan for $1.1 billion in an all-cash deal.

Takeda Pharmaceuticals (TSE:4502) is reportedly considering issuing up to $20 billion in bonds in FY2018 in order to fund the company’s acquisition of Shire Plc (LSE:SHP)