Tuesday Sector Leaders: Materials, Healthcare

Communications, Energy Are 2024's Sector Leaders For U.S. Stocks

Communications, Energy Are 2024's Sector Leaders For U.S. Stocks. Both sectors are outperforming the broad market and their counterparts. Communication Services Select Sector SPDR Fund and Energy Select Sector. SPDR are tied for first place in 2024’s performance run. The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares.

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?

The S&P 500 saw a modest increase of 0.2% in morning trading on Tuesday. The Nasdaq 100 and the Dow Jones are poised for their fourth consecutive session of gains. Treasury yields declined slightly, marking a fifth consecutive day of declines. In corporate news, Walt Disney Co. Saw its shares drop over 10%.

Is First Trust Materials AlphaDEX ETF (FXZ) a Strong ETF Right Now?

Weekly Report: what happened at XLB last week (0429-0503)?

Goldman’s top 50 Weak Balance Sheet stocks

Goldman Sachs analysts listed 50 stocks constituents of their “weak balance sheet’ basket. The weak balance sheet basket has underperformed its strong balance sheet counterpart by 5 percentage points year-to-date. Small-caps have more floating rate debt and weaker cash flow margins.

Goldman’s top 50 Strong Balance Sheet stocks

Goldman Sachs analysts listed 50 stocks constituents of their “strong balance sheet” basket. The basket of strong balance sheet stocks has outperformed weak balance sheets stocks by 5 percentage points year-to-date. Goldman Sachs prefers stocks with a strong balance sheets and high returns on capital.

Goldman’s top 50 Stable Growth stocks

Goldman Sachs analysts published its basket of “stable growth” stocks. The top 50 Russell 1000 stocks with the most stable year-over-year EBITDA growth over the past 10 years. Goldman analysts expect earnings growth to lift the S&P 500 Index by 3% this year.

Dovish Fed, 'Goldilocks' jobs report helps S&P 500 notch back-to-back weekly gains

The S&P 500 (SP500) on Friday climbed 0.55% for the week to end at 5,127.79 points. The benchmark index notched back-to-back weekly gains. The Fed was much more dovish than expected at its latest monetary policy decision. A cooler-than-anticipated nonfarm payrolls report showed only 175K jobs added in April.

Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What's Driving Markets Friday?

A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week. The S&P 500 surged by 1.2% and the Nasdaq 100 experienced a 2% surge. Apple Inc. Rose nearly 7% following the announcement of a record-breaking buyback program. Bitcoin surged by 4.8%, surpassing the $61,000 mark following the April jobs report.

9 out of 12 S&P500 materials stocks deliver EPS wins this week: Earnings Scorecard

9 out of 12 S&P500 materials stocks deliver EPS wins this week. The materials sector had 12 companies reporting their quarterly earnings this week, with nine of them beating profit estimates for the quarter. Four companies exceeded revenue estimates, while the rest of the companies trailed expectations. QTD, the materials sector lost 4.6% trailing SPY loss of 3.44%.

Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift

Since the start of the year, the tech sector is up 2.6%, while utilities have surged over 8%. The utilities rally over the last month has been widespread, with 28 out of 30 components of the XLU ETF showing positive performance. Utilities have outperformed the tech and consumer services sectors in the S&P 500.

Wall Street Inches Up Post Fed; Chipmakers Rebound; Gold, Crude Falter: What's Driving Market Thursday?

U.S. Stock markets surged during Thursday’s midday trading session in New York. The S&P 500 and Nasdaq 100 all showed gains. Semiconductors stood out as a bright spot, buoyed by robust quarterly results and optimistic guidance from Qualcomm. Fed Chair Jerome Powell dismissed the possibility of a rate hike during Wednesday's press conference.

Anticipation of delayed Fed rate cuts positive for status quo momentum trade - Wells Fargo

Anticipation of delayed Fed rate cuts positive for status quo momentum trade, Wells Fargo says. The reflation trading strategy is dented by the Federal Reserve's reluctance to start reducing interest rates. Investors are anticipating a delay in when the Fed will begin rate cuts. The Fed left the fed funds rate at 5.5%.

S&P 500 slumps more than 4% in April, snaps five-month win streak on inflation woes

S&P 500 slumps more than 4% in April, snaps five-month win streak on inflation woes. The benchmark index posted its first negative month since October 2023. This month's retreat was primarily due to market participants dialing back their interest rate cut expectations by the Federal Reserve. The S&P500 retreated 4.16% for April to end at 5,035.69 points.

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

April's top-performing sector and industry exchange-traded funds of the month. The S&P 500 Index finished April on a downturn, declining by approximately 3%. Only the utilities sector managed to avoid losses in April. The real estate sector experienced the worst performance, down by over 7%. Only five out of the 25 industries reported gains for the month of April.

The “highest quality” stocks within each sector - GS

Goldman Sachs analysts published their “high quality stock” basket. These are large-cap stocks that have strong balance sheets, a history of stable sales and earnings growth and low historical drawdown risk. The growth backdrop for the S&P 500 has improved in the past 12 months.

Top 50 stocks with the highest sensitivity to interest rates changes - GS

Goldman Sachs analysts published a list of the top 50 stocks with the highest sensitivity to interest rates changes. The basket consists of S&P 500 stocks with highest positive stock price sensitivity to changes in the nominal 10-year US Treasury yield. Goldman economists expect disinflation to continue, leading to rate cuts later this year.

Weekly Report: what happened at XLB last week (0422-0426)?

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet Apr. 26, 2024. The S&p 500 (SP500) on Friday climbed 2.67% for the week to end at 5,099.96 points, posting gains in four out of five sessions. This week's gains were primarily driven by a surge in technology stocks and other heavyweight growth sectors.