US Stocks ‘Paused to Refresh’

US Stocks ‘Paused to Refresh’



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’s services business accounted for 15 percent of the company’s Y 2018 revenue, which made it a distant 2nd behind the iPhone, at more than 60%

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.

Stay tuned…

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