Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stocks Ended Feb. 9, 2018
Posted Under: Weekly Market Commentary

 
The S&P 500 had a -3.82% return last week, the worst weekly return since January 2016. While equity returns were poor last week, the index still has a gain of over 3.4% for the year. Despite strong payroll and wage growth numbers, equity markets fell as some earnings announcements disappointed and the odds of a Fed rate hike grew. Earnings season was in full swing last week with 118 components of the S&P 500 announcing quarterly results. Apple Inc. saw its shares slide over 6% after the company announced lukewarm iPhone X sales. Apple also issued 2Q revenue guidance slightly below analyst expectations which increased concerns of slowing growth for the tech giant. Google's parent company Alphabet Inc., also had a 6% slip in price last week after they missed analyst earnings estimates due to rising costs of advertising and distribution along with increased marketing spend during the holiday season. United Parcel Service fell over 12% during the week on news that EBITDA margins continue to compress as peak shipping costs surged and on worries that a Unites States exit from NAFTA (North American Free Trade Alliance) might negatively affect their business. Not all earnings announcements were gloomy. Amazon.com Inc. saw its shares rise 2.8% after announcing its most profitable quarter ever. Amazon credited continued automation of their business as the primary way to keep costs down during the all-important holiday shopping season. Defense contractors Lockheed Martin Corp. and Boeing Co. both had earnings announcements that topped expectations which sent them both up over 1.5% last week while the market was down. In other equity news, Dr. Pepper Snapple Group, Inc., was up over 24% for the week after Keurig Green Mountain Inc. entered into an agreement to buy the beverage company for cash and stock. Looking ahead to next week, earnings season continues with over 90 constituents of the S&P 500 expected to report quarterly results.
Posted on Monday, February 12, 2018 @ 8:10 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Weekly Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Economy and Credit Markets Ended Feb. 9, 2018
The Relationship Between Rising Interest Rates And Equity REITs
23 Times in 9 Years
Sector Performance Via Market Capitalization (Year-to-Date)
US Stocks Ended Feb. 2, 2018
US Economy and Credit Markets Ended Feb. 2, 2018
S&P 500 Index Top-Line Growth Estimates
A Snapshot Of How Stocks Have Performed So Far In This Millennium
Stellar Earnings
US Stocks Ended Jan. 26, 2018
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2018 All rights reserved.