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 18, 2019
Posted Under: Weekly Market Commentary

 
Equity markets were mixed during a busy week of earnings as health-care stocks sold-off on renewed concerns over tighter regulation. By contrast, the industrial sector led for the week on strong earnings from Honeywell International Inc., which saw an 8% jump in organic revenue, and Union Pacific Corp., which performed better-than-expected despite weather delays. In economic news, retails sales grew 1.6% in March as temporary factors abated, including the drawn-out government shut downtown and the fourth-quarter market sell-off. Industrial production data surprised to the downside as producers coped with an inventory overhang. In earnings news, shares of PepsiCo Inc. rose after beating expectations on a strong top-line beat that flowed through to earnings. Blackrock Inc. reported earnings above expectations due to strong flows, a rebound in equity markets and higher fees from alternative funds. Despite a beat-and-raise quarter, shares of UnitedHealth Group Inc. declined after earnings due to increased investor worries over a proposal by Democrats to provide universal government healthcare. Bank of America earnings gained on strength in its consumer unit due to higher deposits, interest rates and loan growth. In other corporate news, Qualcomm Inc. surged over 40% for the week after agreeing to a settlement with Apple Inc. over patents and signing an agreement for future royalties. Looking ahead to next week, a bevy of bellwethers are set to report earnings, including technology names Microsoft Corp., Facebook Inc. and Amazon Inc. In addition, the initial reading on first-quarter GDP will be reported. Earnings and economic datapoints will be key in the coming weeks and should provide some clarity if last quarter's slowdown in economic activity was due to idiosyncratic factors or is likely to persist.
Posted on Monday, April 22, 2019 @ 8:29 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
Market Commentary 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 April 18, 2019
How Some Major Equity Indices Have Fared In The Recent Correction And Recovery
The Losses Sustained In The Recent Correction Nearly Fully Recouped
US Stock Markets Ended April 12, 2019
US Economy and Credit Markets Ended April 12, 2019
A Snapshot of Growth vs. Value Investing
A Snapshot Of Dividend-Payers & Non-Payers In The S&P 500 Index
US Stock Markets Ended April 5, 2019
US Economy and Credit Markets Ended April 5, 2019
Every Year Looks Volatile Compared To 2017
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, the Internal Revenue Code or any other regulatory framework. Financial advisors 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.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.