blog

Latest from the Quantamize Blog

Midday Market Update

Jul 24, 2018

US Market Snapshot                                                                                                                                                                                     Start Your Free Trial Today

US stocks are mostly higher, with the S&P 500 +0.82%, the Nasdaq Composite +0.04%, the Dow Jones Industrial +0.83%, while the Russell 2000 is -0.86%. Energy (+1.55%), materials (+1.49%), and telecommunication stocks (+1.10%) are the biggest outperformers in the S&P 500, while utilities (-0.36%), real estate (-0.28%), and consumer discretionary stocks were the most significant underperformers. The VIX is down 1.82% to 12.39. Yield on the US 10-year is up 0.4 basis points to 2.958%. The DXY USD$ index is relatively flat today. The most actively traded options today are EEM September 21 Calls, HYG August 17 Puts, XSP September 21 Puts, VIX August 22 Puts, and SPY July 27 Calls.

*Source: Stockdio, Data in Price Return

S&P 500 Sector ETFs - Intraday

*Source: Stockdio, Data in Price Return

Russell 1000 Factor ETFs - Intraday 

*Source: Stockdio, Data in Price Return

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Harley-Davidson Inc (HOG) shares rose 6.98% to $44.35 today, after the company cut its FY2018 operating margin by a smaller amount than was expected. Harley-Davidson forecasts a 9.5% drop in its operating margin in FY2018, below the 10% decline that was anticipated

Lockheed Martin Corp (LMT) has raised its cash forecast for FY2018, despite a $2 billion contribution to the company’s pension fund. Lockheed boosted its cash from operations target for FY2018 to $3.3 billion, representing a 10% increase above its earlier projection. Shares of Lockheed Martin are trading 1.76% higher today to $323.94

Sherwin-Williams (SHW) stock is 2.09% higher today to $430.39, after the company announced that it will reduce corporate spending, and will also raise prices where necessary to compensate for the rising cost of raw materials

Synovus Financial Corporation (SNV) shares are trading 9.23% lower today to $50.04, following the company’s $2.9 billion acquisition of FCB Financial Holdings Inc

Whirlpool (WHR) has fallen 13.66% to $130.13, as rising raw material costs have negatively impacted earnings results in three out of the four major regional markets in which the company operates.