The Moskowitz Report (XLE, FB, DDS, GS, NFLX, JWN, AAPL, BAC, M, GOOGL, SHLD, JPM, BA, JCP, AMZN, RL, XLF, KSS, IBM, WMT) - Stock Market Commentary For Tuesday, April 18, 2017
Today was strong right from the start to the finish. According to Yale Hirsch (The Stock Trader’s Almanac) this is the best week of the year. Hard to argue with today’s action since the internals were strong on both the NASDAQ and NYSE. The A/D was almost 3:1 on both with the volume 4:1 on NYSE and 3:1 NASDAQ.
All of the indexes were up close to 1% with the Transports leading with a gain of 1.3% followed by the Russell up 1.2. The only sector that did not perform today was energy with the XLE basically flat.
Financials led the way with the XLF up 1.75% with GS +4.68, JPM +1.50, and BAC +.63. The big names were higher across the board with GOOGL +15.72, AMZN +18.03, AAPL +.75 (reports later this week) FB + 2.39, BA +3.28, NFLX +6.35 (after beating earnings) and IBM +1.59. The only one of this group that was lower was BA -3.88.
Retail was mixed with M -.33, JWN - .47, KSS -.55, WMT +.31, DDS -.13, RL +.85, SHLD+.35, and JCP -.22.
The metals were a little lower as the bonds sold off a bit and the US$ rallied slightly.
Tomorrow is another day...CAM
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