{+++}Tuesday’s trade ended with modest losses for stocks. The slide came amid a small, but rather underwhelming dose of data. After the close, APC, CBS, CHK, ERTS, HTZ, OPEN, PCLN, SAM, WFMI are the only notable names that reported after the close.
Eight out of the ten sectors were in negative territory, led by materials (-1.7%), Consumer Discretionary (-1.3%) and financials (-1.1%), while health care (+0.8%) and energy (+0.2%) were in positive territory.
Tomorrow morning, one economic report is scheduled to be released before the open including: ADP Employment Change (Consensus 25K).
Tomorrow, before the open, of the many companies scheduled to report, some of the bigger names include: ABMD, AGU, AYE, ANR, ASCA, AOL, ARIA, CAM, CTL, DVN, EP, EPC, FTR, GRMN, HI, ICE, RL, PHM, PWR, Q, RVSN, RRD, SIRI, SKYW, SE, TWX, and TRW.
Today was choppy and there aren’t any new names tonight. The financials took a day off today, but better regroup soon if this market wants to keep its mojo.
See you in the morning. Please check the P&L for any stop adjustments.