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 Sept. 13, 2019
Posted Under: Weekly Market Commentary

 
Stocks moved higher for the week on better-than-expected economic data and trade optimism as Treasury Secretary Steven Mnuchin said there has been "lots of progress" between the U.S. and China.  The consumer remains especially strong as retail sales were above expectations and consumer confidence rebounded from August.  The market was extremely bifurcated for the week with value and cyclical stocks outperforming growth and safety names.   Strong economic data points and a sharp rise in longer duration treasury yields led to robust performance for financial shares, while real estate, consumer staples and utilities lagged as all three sectors tend to be interest-rate sensitive. Turning to stock news,  shares of Oracle Corp. dropped after reporting a disappointing quarter as cloud sales remain challenged. In addition, Chief Executive Officer Mark Hurd announced he will take an unexpected leave of absence due to health reasons.  HD Supply Holdings, Inc.  declined after issuing disappointing guidance on weakness in the construction and industrial end markets.  Progressive Corp. fell after reporting a worsening combined ratio on higher losses in its underwriting book.  Despite posting a 32% rise in billings, shares of Zscaler, Inc. plummeted as the cloud-based security firm did not beat street expectations by a wide enough margin.  Looking ahead to next week,  investors will be focused on the Federal Reserve and other central banks around the globe setting interest rates.  Sector and style reposition may impact markets in the weeks to come as last week's sharp reversal to economically sensitive sectors and value stocks at the expense of lower volatility and past winners could persist or revert back.
Posted on Monday, September 16, 2019 @ 8:31 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 Sept. 13, 2019
How U.S. Stocks & Bonds Have Fared Since The Attacks On 9/11
Homebuilder-Related Stocks In Rally Mode In 2019
US Stock Markets Ended Sept. 6, 2019
US Economy and Credit Markets Ended Sept. 6, 2019
A Global Snapshot of Government Bond Yields
This Data Does Not Portend A Bear Market In Stocks
US Stock Markets Ended August 30, 2019
US Economy and Credit Markets Ended Aug 30, 2019
A Snapshot of Growth vs. Value Investing
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 © 2019 All rights reserved.