Thursday, January 25, 2024

SPX, NDX, MSFT, GOOGL, META make All-time Closing High...Energy, Utilities, Communication Services Lead Sectors...After-hours INTC Negative EPS Reaction, Lower Guidance Hits NQ Futures...


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The SPX +26.61 closed at a new all-time high as did NDX at 17,516. The GDP report Thursday was higher than expected at 3.3% vs. 2.0% consensus.  MSFT, GOOGL and META closed at all-times highs today.

URI +74.74, +12.96%, AAL +1.43, +10.27%, positive EPS reaction.  TSLA -25.20, -12.13%, negative EPS reaction.


After the close INTC reported lowered guidance for its next quarter which is having a noticeable impact on other semiconductor stocks in after-hours trading including AMD, MU, NVDA and NQ futures -150 points.

After-hoursINTC -5.40, -10.90%, KLAC -38.51, -6.00%, negative EPS reaction.

Personal Income and Outlays, PCE report Friday at 8:30 am ET.


Friday, day 10 of Q4 earnings season continues with 3 SPX companies AXP, CL, NSC reporting BMO.  74 SPX companies report this week. 

First day reaction: Q4
PositiveURI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 44
Neutral:  SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 15
NegativeTSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 30


Mega caps GOOGL, META, MSFT, AMZN, NVDA rose and AAPL, TSLA fell on Thursday.


SPY up 2.64 at 488.03 on 72.3 million shares, below average volume, closed higher on lower volume. 
VIX up .31 at 13.45
QQQ up .52 at 426.35


IBM, DOW, CAT, WBA led the DJIA, 26 advancers, +16
URI, AAL, RMD, WRB led the SPX, 401 advancers 
CEG, CMCSA, NFLX, ADBE led the NDX, 66 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up:   IWM, DIA, SPY, QQQ,
Down

Nine of eleven sectors were higher on Thursday, led by XLE, XLU and XLC.

The SPY MFC green line is pointed up at 95.7 and is short-term bullish. 

Uptrend sectors:   XLC, XLK, XLF, XLV, XLY, XLI, XLRE, XLB, XLP, XLU,
Neutral sectors: 
Down trend sectors:  XLE,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp


66 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, COST, ZS, BKNG, MAR, ISRG, MRNA, TEAM, REGN, AMGN, ILMN, AVGO, MRVL, MU, ANSS, FTNT, META, VRTX, CSCO, CCEP, SPLK, GOOG, ADP, MDLZ, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, GOOGL, LRCX, MSFT, NFLX, WDAY, PANW, TTWO, MELI, CDNS, ORLY, ROP, VRSK, AMAT, ASML, CDW, FAST, INTC, INTU, KLAC, PCAR, AAPL, ABNB, ADBE, ADI, CMCSA, CPRT, GFS, MCHP, MDB, SNPS, EA, CEG, CSX, FANG, KHC, ODFL,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
CEG, CSX, FANG, KHC, ODFL,


Moving Below 30 DMA = 5
NXPI, PAYX, PYPL, SIRI, TXN,



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