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 Stock Markets Ended April 27, 2018
Posted Under: Weekly Market Commentary

Equities were down slightly last week as the S&P 500 returned -0.01%, Dow Jones Industrial Average -0.62% and the NASDAQ Composite -0.36%. Energy was the top performing sector as oil hovered around $68 a barrel all week. Risks of a supply shock continue to fluctuate as President Trump has until May 12th to re-impose economic sanctions from the 2015 Iranian nuclear accord. Earnings season was in full swing last week after 180 constituents of the S&P 500 announced quarterly results. Amazon.com Inc. made headlines announcing 42% year-over-year revenue growth along with a price hike for their Prime® membership from $99 per year up to $119. The positive news pushed Amazon's stock price over $1600, an all-time high. Facebook Inc. announced revenue 50% higher compared to 1Q17 which helped the stock return over 9% on Thursday. Considering the recent consumer privacy issues, the positive news was welcomed relief for beleaguered shareholders. After announcing strong revenue and earnings growth, Chipotle Mexican Grill Inc. was up nearly 30% last week making it the top performer in the S&P 500. New Chipotle CEO Brian Niccol announced the mobile orders and delivery segment grew at a "rapid pace" in the first quarter, and he currently does not see franchising or launching a breakfast menu as the right moves for the company. SVB Financial Group was up over 20% last week after the bank reported higher profits and sales than sell side analysts estimated. Not all announcements were positive, Freeport-McMoRan Inc. returned -20.9% last week after revenue and earnings were below estimates and announcing they received eight environmental inquiries about their Indonesian operations. LKQ Corp., one of the largest automotive component salvaging companies, returned -17.3% for the week after lowering full year guidance because of revenue headwinds from their European operations. Looking ahead to next week earnings season continues as 147 companies in the S&P 500 are expected to release quarterly results. Among them include: Apple Inc., Berkshire Hathaway Inc., Pfizer Inc., MasterCard Inc. and McDonald's Corp.
Posted on Monday, April 30, 2018 @ 8:56 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

US Economy and Credit Markets Ended April 27, 2018
Every Year Looks Volatile Compared To 2017
Consider The Potential Opportunity Costs Before You Sell In May And Go Away!
US Stock Markets Ended April 20, 2018
US Economy and Credit Markets Ended April 20, 2018
A Snapshot Of European Equities
Stock Buybacks Are Expected To Rise Markedly Thanks To Tax Reform
US Stock Markets Ended April 13, 2018
US Economy and Credit Markets Ended April 13, 2018
A Snapshot of Growth vs. Value Investing
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, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.