Afternoon Note
The S&P 500 is sniffing out the 5,000-level helped by the majority of the “Magnificent 7” club, which are higher this afternoon. Cybersecurity stocks are getting a boost following Fortinet’s (FTNT) quarterly results and guidance.
Consumer Discretionary (XLY) is rocking big time, but so is Technology followed by Industrials (XLI) and Materials (XLB).
All eyes continue to be on earnings. After the bell, we get results from Disney (DIS). Investors will focus on the company’s guidance amid its recent password crackdown, which it announced earlier this month.
DIS Earnings Reactions |
1-Day |
1-Week |
Nov 2023 |
+10.9% |
+6.6% |
Aug 2023 |
-1.4% |
+4.8% |
May 2023 |
-8.4% |
-8.8% |
Feb 2023 |
-2% |
-1% |
Solid 10-year auction this afternoon strengthened today’s move.
All the major indices are trading firmly in the green.
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5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
5/2/2024 1:54 PM | Holding Up |
5/2/2024 9:41 AM | COOL HAND POWELL |
5/1/2024 1:22 PM | Which Powell? |
5/1/2024 9:40 AM | MAY DAY, MAY DAY, MAY DAY |
4/30/2024 1:02 PM | Complete Flop |
4/30/2024 9:48 AM | CHIPS TAKE THE LEAD |
4/29/2024 1:39 PM | Musk Rides Back to the Mag Seven |
4/29/2024 9:50 AM | DIE BY THE SWORD, PROSPER BY THE SWORD |
4/26/2024 1:46 PM | Full Steam |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
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