MARKETS TODAY Feb 13 (Vica Partners)
DOW (^DJI) 34,246 (+376), S&P 500 (^GSPC) 4,137 (+47) Nasdaq (^IXIC) 11,892 (+174), Russell 2000 (^RUT) 1,941 (+22), NYSE FANG+ (^NYFANG) 5,650 (+108), Brent Crude $86.61/barrel (+$0.22), Gold $1,854/oz (-$9), Bitcoin $21.7k (-$77)
Session Overview
- Indexes up, Nasdaq and NYFANG+ lead
- Yields, a moderate decline
- 10 of 11 S&P 500 Sectors higher: Information Technology and Communication Services outperformed/ Energy and Utilities underperformed
- Arista Networks (ANET), Avis (CAR) with impressive earning beats
- NY Fed Survey of Consumer Expectations; US consumers’ one-year inflation expectation unchanged w/ five-year slightly rising, consumer spending is moderating
- Tomorrow, a hotter than expected CPI report will reverse today’s market gains
- >80% chance of 25bps rate hike in May, moving the terminal rate closer to 5.25%
Technicals/ Sector Performance/ Yields+
Index Moving Averages
S&P 500 Index ($SPX) close 4,137+/ 50 Day 3,970+/ 100 Day 3,885+/ 200 Day 3,945+
Dow Jones In ($DOWI) close 34,246+/ 50 Day 33,643+/ 100 Day 32,618+/ 200 Day 32,334+
Nasdaq Co ($NASX) close 11,892+/ 50 Day 11,105+/ 100 Day 10,997+/ 200 Day 11,435+
10 of 11 S&P 500 Sectors higher: Information Technology and Communication Services outperformed/ Energy and Utilities underperformed
Information Technology and Communication Services were the biggest advancers, up 1.63% and 1.30% respectively. Energy and Utilities were largest decliners, down 0.07% and up 0.68% respectively.
Yields drop: US 2yr to 4.522%-, 5yr to 3.916%-, 10yr to 3.707%-, 30yr to 3.783%-
Greed Index Rating 71/ Greed
Notable Company Earnings
- Beats / DBS Group Holdings ADR (DBSDY), Fidelity National Info (FIS), Avis (CAR), Arista Networks (ANET), Cadence Design (CDNS), SolarEdge Technologies Inc (SEDG)
- Misses/ Eversource Energy (ES), FirstEnergy (FE), Cleveland-Cliffs (CLF), Bally’s (BALY), iRobot (IRBT), Treehouse Foods (THS)
U.S Economic News
- NY Fed 1-year inflation expectations, period , act 5%, prev 5.0%
- NY Fed 5-year inflation expectations; period Jan., act 2.5%. prev 2.4%
Tomorrow IMPORTANT pricing data
- Consumer price index recap; what to expect/ headline CPI to rise to 0.5% from 0.1% last month on gas prices, Core CPI at 0.4% in line with the previous month,
Other Asset Classes:
- CBOE Volatility Index (^VIX): -0.19 to 20.34
- USD index: -0.33 to $103.30
- Oil prices: Brent: +0.25% to $86.61, WTI: -1.26% to $79.13, Nat Gas: +1.12% to $2.432
- Gold: -0.50% to $1,853.69, Silver: +0.30% to $22.00, Copper: +0.037% to $4.06
- Bitcoin: -0.35% to $21.7k
Business News
- Ford to build battery plant in Michigan in drive with Chinese tech partner Reuters
- New York regulator orders Binance stablecoin backer to stop issuing token Reuters
- In China, Tesla could win electric vehicle price battle – but lose the war Reuters
- Airbus roiled by poor start to 2023 as industrial pressure grows Reuters
- Silicon Valley layoffs are a boon for tech-hungry farm equipment makers Reuters
Vica Momentum Stock Report
Coty Inc (COTY) $COTY (Momentum B) (Value B+) (Growth A), moving averages/ 50 Day +36.21%, 100 Day +37.61%, 200 Day +33.00%, Year-to-Date +25.23%
Top Rank Growth Buy Rating
Coty Inc., manufactures, markets, and distributes beauty products worldwide. The company sells its products through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, nail salons, specialty retailers, duty-free shops and traditional food, and drug and mass retailers.
Market Outlook
Market Outlook and updates posted at vicapartners.com
