MARKETS TODAY Feb 15 (Vica Partners)
DOW (^DJI) 34,128 (+39), S&P 500 (^GSPC) 4,148 (+11) Nasdaq (^IXIC) 12,170 (+110), Russell 2000 (^RUT) 1,961 (+21), NYSE FANG+ (^NYFANG) 5,813 (+32), Brent Crude $85.29/barrel (-$0.29), Gold $1,838/oz (-$17), Bitcoin $24.1k (+$1883)
Session Overview
- US retail sales up on big jump in department store spending
- Manufacturing index came in ahead of expectations, employment negative for the first time in 2 years but prices moved higher
- Indexes finish higher, Nasdaq and Russell 2000 lead
- Yields continue weekly rise
- 6 of 11 S&P 500 Sectors higher: Communication Services and Consumer Discretionary outperformed/ Energy and Financials underperformed
- Energy sector lags <1.23%>
- Cisco (CSCO), Analog Devices (ADI), Kraft Heinz (KHC) w/ impressive earning beats
- Bitcoin jumps >8%, Metals down, Oil down
- U.S. Dollar index breaks its 50d moving average
Technicals/ Sector Performance/ Yields+
Index Moving Averages
S&P 500 Index ($SPX) close 4,148+/ 50 Day 3,973+/ 100 Day 3,893+/ 200 Day 3,944+
Dow Jones In ($DOWI) close 34,128+/ 50 Day 33,630+/ 100 Day 32,697+/ 200 Day 32,340+
Nasdaq Co ($NASX) close 12,071+/ 50 Day 11,126+/ 100 Day 11,014+/ 200 Day 11,429+
6 of 11 S&P 500 Sectors higher: Communication Services and Consumer Discretionary outperformed/ Energy and Financials underperformed. Communication Services and Consumer Discretionary were the biggest advancers, up 0.73% and 0.45% respectively. Energy and Financial were the largest decliners, down 1.23% and 0.64% respectively
Yields rise: US 2yr to 4.631%+, 5yr to 4.039%+, 10yr to 3.803%+, 30yr to 3.831%+
Greed Index Rating 74/ Greed
Notable Company Earnings
- Beats / Cisco (CSCO), Analog Devices (ADI), Kraft Heinz (KHC), Biogen (BIIB), Owens Corning (OC), Ryder System (R), Sonic Automotive (SAH), Shopify Inc (SHOP), Twilio (TWLO)
- Misses/ Energy Transfer (ET), CF Industries (CF) Martin Marietta Materials (MLM), ICL Israel Chemicals (ICL), Lithia Motors (LAD), Sunoco LP (SUN), Generac (GNRC)
U.S Economic News
- Retail sales; period Jan., act 3.0%, fc 1.9%, prev -1.1%
- Retail sales excluding motor vehicles; period Jan., act 2.3%, fc 0.9%, prev -0.9%
- Empire state manufacturing index; period Feb., act -5.8, fc -20.3, prev -32.9
- Industrial production index; period Jan., act 0.0, fc 0.4%, prev -1.0%
- Capacity utilization rate; period Jan., act 78.3, fc 79.0%, prev 78.4%
- NAHB home builders’ index; period Feb., act 42, fc 37, prev 35
- Business inventories; period , act 0.3%, fc 0.3%, prev 0.3%
Tomorrow, jobs reports
Other Asset Classes:
- CBOE Volatility Index (^VIX): -0.68 to 18.23
- USD index: +0.60 to $103.83
- Oil prices: Brent: -0.34% to $85.29, WTI: -0.61% to $78.58, Nat Gas: -3.97% to $2.465
- Gold: -0.89% to $1,838.35, Silver: -0.97% to $21.65, Copper: -1.19% to $4.03
- Bitcoin: +8.48% to $24.1k
Business News
- New Biden EV charger rules stress Made In America, force Tesla changes Reuters
- Glencore hands $7.1 bln to shareholders after record profit Reuters
- Alphabet spinoff Sandbox AQ raises $500m for cyber security, + quantum work Reuters
- Biogen CEO bets on Alzheimer’s drug, pipeline to return to growth Reuters
- Sandwich chain Subway explores sale of business BBC
- Louis Vuitton picks Pharrell Williams to lead men’s designs BBC
Vica Momentum Stock Report
Analog Devices (ADI) $ADI (Momentum B) (Value B) (Growth A+), moving averages/ 50 Day +14.66%, 100 Day +33.03%, 200 Day +25.24%, Year-to-Date +17.87%
Top Rank Growth Buy Rating
Analog Devices, Inc. is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. lt has manufacturing facilities in the United States, Ireland, and Southeast Asia. The company also uses outside foundries, mainly Taiwan Semiconductor Manufacturing Company for front-end processing and third-party subcontractors for back-end operations.
Market Outlook and updates posted at vicapartners.com
