Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?

The S&P 500 fell 0.4% in midday trading in New York. The yield on the 30-year Treasury bond has surged to 4.79%, the highest level since early November. The Japanese yen tumbled to the lowest level since June 1990. Tesla Inc. Posted lower-than-expected results last quarter, but shares rose 10%.

All S&P Utility stocks are above 50-day MA, less than 10% of Info Tech names are

Tesla Rises on Future EV Plans Despite Q1 Miss: ETFs in Focus

Amazon to Open More Cloud Centers in Southeast Asia for Better Data Protection

Amazon.Com, Inc. Is establishing cloud regions in Southeast Asia in response to customer demands for secure local data storage. Amazon Web Services (AWS) led the global cloud service market in the fourth quarter, capturing 31% of total cloud spending. In November, Amazon announced the launch of a new AWS Region in Malaysia.

Enhanced Convenience: Amazon Launches New Affordable Grocery Delivery Subscription

Amazon.com Inc has launched a new grocery delivery subscription benefit available to Prime members and customers using EBT. The facility will be available in more than 3,500 cities and towns across the U.S. The subscription provides unlimited grocery delivery on orders over $35 for $9.99 per month.

Consumer Sector Update for 04/23/2024: HIBB, KMB, PEP, XLP, XLY

Amazon Ends Drone Deliveries in Lockeford, Sets Eye on New Arizona Site for Expansion

Amazon.com has discontinued its Prime Air drone delivery operations in Lockeford, California. Lockeford was Amazon.com’s second U.S. Drone delivery location after College Station, Texas. The company began operations in the town in June 2022. Amazon assured that it will continue to serve customers through alternative delivery methods.

Should You Invest in the Vanguard Consumer Discretionary ETF (VCR)?

Top high growth investment ratio stocks from each sector - GS

Goldman Sachs analysts listed the top stocks in each sector with the highest growth investment ratio. Analysts said they forecast capex and R&D growth to slow from about 10% in 2023 to about 7% in 2024. Growth investment ratio is defined as a company's capex less depreciation plus R&d as a share of its cash flow.

U.S. equities see the largest net buying since late February - GS

U.S. Equities see the largest net buying since late February - Goldman Sachs. The S&P 500 was down for the third straight week and traded lower for six straight sessions. Bitcoin-sensitive stocks, winners of the last 12 months underperformed. Overall U.S.-based equities saw the biggest net buying of the year.

Goldman’s buybacks basket: Buyback growth will be 13% in 2024

Goldman’s buybacks basket: Buyback growth will be 13% in 2024. Goldman Sachs analysts rebalanced their “buybacks basket” as 2024 buyback growth is forecasted to be 13%. S&P 500 (SP500) cash spending grew by 4% to $3.4T last year.

Goldman’s debt issuers stocks basket

Consumer Sector Update for 04/22/2024: VSTO, GIL, AMZN, XLP, XLY

Weekly Report: what happened at XLY last week (0415-0419)?

Wall Street's April pullback intensifies as S&P 500 notches worst week in over a year

The S&P 500 on Friday retreated 3.05% for the week to end at 4,967.23 points. The benchmark gauge posted its worst weekly performance since early March last year. This week's retreat was driven by stronger-than-anticipated economic data and hawkish Fedspeak. Geopolitical concerns over Israel and Iran along with a stubborn bond sell-off also put pressure on equities.

Shares of XLY Now Oversold

Wells Fargo sees more short-term pain for stocks with rising 10Y becoming ‘kryptonite’

Wells Fargo sees more short-term pain for stocks with rising 10Y becoming ‘kryptonite’ for equities. The S&P 500 this week was on course to extend its April decline of 4%. Rising interest rates, political tensions and consumer demand are weighing on stocks.

XLY, SBUX, ABNB, ORLY: ETF Outflow Alert

Consumer Sector Update for 04/19/2024: PG, UTI, FC, XLP, XLY

The Consumer Discretionary Select Sector SPDR Fund Breaks Below 200-Day Moving Average - Notable for XLY