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 Feb. 14, 2020
Posted Under: Weekly Market Commentary

 
Viral volatility and economic acceleration were the two drivers of U.S. markets last week. The S&P 500 rose by 1.65% as a revised methodology to diagnose the Coronavirus sent the number of confirmed cases soaring. The full impact is yet to be felt domestically after retail rose for the fourth straight month signaling lower gas prices encouraged consumers to spend. A stagnation of growth that some market participants forecast looks less likely in the near future as fundamentals remain strong and the economy continues to expand. Oil prices rebounded last week after plummeting from a high of over $63 in early January to under $50 on Monday. Crude rallied during the week, closing higher each day to finish the week over $52 a barrel. Kraft Heinz Co. is the latest mega-merger to fail to put the pieces together to form a cohesive unit. Its debt was downgraded to junk by two credit rating agencies giving Warren Buffet a rare blemish to his long history of solid performance. The company is amid a turnaround plan which is yet to turn the corner. Chipmaker NVIDIA Corp reported fourth-quarter results on Friday that beat analyst expectations and sent the stock to an all-time high. Demand for chips used in datacenters drove the beat in an industry with favorable trends. The stock is up over 120% since last June's low. T-Mobile also rose last week after the service provider announced it was looking to renegotiate the takeover of Sprint as its share price has steadily dropped since the deal was announced in April 2018. Looking ahead to next week, housing numbers and FOMC meeting minutes are set to be released on Wednesday followed by jobs data on Thursday. Quarterly earnings season will wind down next week with 51 names in the S&P 500 expected to report. Some of the notable names include Walmart Inc., Medtronic PLC, The Southern Co., Ecolab Inc., and Deere & Co. 
Posted on Tuesday, February 18, 2020 @ 8:06 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


 PREVIOUS POSTS
US Economy and Credit Markets Ended Feb. 14, 2020
A Snapshot Of Bond Valuations
How Bonds Have Fared Since 10/9/07
US Stock Markets Ended Feb. 7, 2020
US Economy and Credit Markets Ended Feb. 7, 2020
Technology Stocks Continue to Deliver Strong Returns for Investors
Many Investors Could Be Underweight Mid- & Small-Cap Stocks
US Stock Markets Ended Jan. 31, 2020
US Economy and Credit Markets Ended Jan. 31, 2020
Money Market Fund Assets At Highest Level Since 2009
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 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.