US STOCKS: Late Equities Roundup: Chip Stocks & Interactive Media Outperforming
Mar-12 19:05
- Stocks are holding firmer but off knee-jerk highs reached after this morning's lower than expected headline CPI inflation data. The tech-heavy Nasdaq outperforming in late trade. Currently, the DJIA up up 38.49 points (0.09%) at 41402.61, S&P E-Minis up 43 points (0.77%) at 5614, while Nasdaq climbs 244.6 points (1.4%) at 17690.88.
- Information Technology and Communication Services sector continued to outperform in the second half, chip makers supporting the former with Micron Technology +8.61%, Palantir Technologies +7.38%, Super Micro Computer +6.81%, NVIDIA +6.63% and Oracle +5.49%.
- Interactive media and entertainment shares supported the Communication Services sector with Netflix +2.75%, Meta Platforms +2.36% and Alphabet +1.75%.
- On the flipside, Consumer Staples and Health Care sectors underperformed in early trade, leading laggers in Consumer Staples included Brown-Forman -5.22%, Target -4.25%, Dollar General -4.06% and Hershey -3.79%.
- Meanwhile, pharmaceuticals and services shares weighed on the Health Care sector: Regeneron Pharmaceuticals -3.88%, Bristol-Myers Squibb -2.15%, West Pharmaceutical Services -1.84% and Biogen -1.75%.
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PIPELINE: Corporate Bond Update: $6.5B Eli Lilly 6Pt Launched
Feb-10 18:42
- Date $MM Issuer (Priced *, Launch #)
- 02/10 $6.5B #Eli Lilly $1B 3Y +27, $1.25B 5Y +42, $1B 7Y +50, $1.25B 10Y +60, $1.25B 30Y +80, $750M 40Y +90
- 02/10 $2B #Union Pacific $1B 10Y +65, $1B 30Y +88
- 02/10 $500M #Textron 10Y +102
- Expected to launch Tuesday:
- 02/11 $700M Snap Inc 8NC3 7%a
PIPELINE: Corporate Bond Update: $2B Union Pacific Launched, Eli Lilly Guidance
Feb-10 18:38
- Date $MM Issuer (Priced *, Launch #)
- 02/10 $Benchmark Eli Lilly 3Y +27, 5Y +42, 7Y +50, 10Y +60, 30Y +80, 40Y +90
- 02/10 $2B #Union Pacific $1B 10Y +65, $1B 30Y +88
- 02/10 $500M #Textron 10Y +102
- Expected to launch Tuesday:
- 02/11 $700M Snap Inc 8NC3 7%a
US: Voters Says Trump Is Doing What He Promised On Campaign Trail
Feb-10 18:37
A new survey from CBS has found that most Americans describe Trump as "tough," "energetic," "focused" and "effective" — and believe he is “doing what he'd promised during his campaign…”
- CBS notes: “Many say he's doing more than they expected — and of those who say this, most like what they see. Very few think he's doing less."
- CBS adds: “His partisans and his voters, in particular, say he's got the right amount of focus on matters like ending diversity, equity and inclusion programs and deporting those who are in the country illegally. His deportation policy finds majority approval overall — just as most voters said they wanted during the campaign — and that extends to sending troops to the border, too."
- The report warns: “But one key issue looms: Most Americans say the administration isn't focused enough on lowering prices. Inflation was a key reason Mr. Trump won the election.”
Figure 1: “Describe Donald Trump as…?”
Source: CBS
