$DIA, $SPY, $QQQ, $RUTX, $VXX
|Strong: Financials, Information Technology|
|Weak: Materials, Communication Services, Industrials|
- Relative strength in the S&P 500 financial and information technology sectors
- Shares of Apple (NASDAQ:AAPL) continue to outperform following positive analyst coverage
- Facebook (NASDAQ:FB) is under criminal investigation for some of its data deals
- General Electric (NYSE:GE) issues FY 2019 earnings warning; CEO offers viable, upbeat outlook
Apple’s services business should help drive long-term upside in the stock, while the iPhone will likely serve “as an annuity,” Cowen said, starting coverage with a buy-equivalent rating.
Apple shares (NASDAQ:AAPL) rose as much as 1.3%, putting the stock on track for its 5th straight winning session, its longest such streak since one that ended on 6 February 2019. At current marks, Apple is trading at its highest since early December 2018
Thursday, the major US stock market indexes finished at: DJIA +7.05 at 25709.94, NAS Comp -12.50 at 7630.90, S&P 500 -2.44 at 2808.48
Volume: Trade on the NYSE came in at 912-M/shares exchanged
- Russell 2000 +14.9% YTD
- NAS Comp +15.0% YTD
- S&P 500 +12.0% YTD
- DJIA +10.2% YTD
HeffX-LTN’s overall outlook for the major US stock market indexes is Bullish in here.