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ICYMI! Weekly Market Recap. May 14-18, 2018

JT001

19-May-2018 20:59 PM

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Monday stock market gap up, Dow Jones +71.48 points, QQQ +0.17%, IWM -0.37%,  IBB +1.03%.

Tuesday U.S. market set for a gap down with rising concerns of  US 10Y Yield over 3.00 level. Dow Jones down -193.00 points. Snapping an 8 days winning streak

Wednesday Dow Jones +62.73 points,  SPY +0.39%, QQQ +0.66%, IBB +0.89%, IWM +1.03%. Market rebound, but the US 10Y Yield up to 3.10 not seen since 2011.

Thursday U.S.  Initial Jobless Claims 222k vs 215k, Crude Oil over %70/bl. Dow Jones closed down -54.88 points, SPY -0.08%, QQQ -0.38%, IWM +0.46% and IBB +0.06%.

Friday U.S stocks in tug-a-war. Dow Jones closed +1.11 points, SPY -0.68%, IWM +0.21%, QQQ -0.52%, IBB +0.21%.

Monday:

  • Tandem Diabetes Care Inc (TNDM) stock upgraded to Overweight at Piper Jaffray. PT $13.00. Stock up +25.22%
  • Chipotle Mexican Grill Inc (CMG) price target raised to %530 at Piper Jaffray.  Stock up +0.02%
  • Nxp Semiconductors (NXPI) China restarts a review of Qualcomm's NXP purchase. Stock up +11.85%

Tuesday:

  • Vipshop Holdings Limited (VIPS) https://www.tradersfish.com/Earning/vipshop-holdings-ltd
  • The Home Depot, Inc (HD) earnings report, Q1 EPS $2.08 vs $2.06, revenue $24.9B vs $25.2B
  • Amazon.com (AMZN) drops -25.42 points or -1.59% and Alphabet Class A (GOOGL) -21.73 points or -1.96%.. A leader in tech selling off

Wednesday:

Thursday:

Friday:

  • Baidu Inc (BIDU) Qi Lu no longer as chief operating officer. Stock down
  • Applied Materials Inc (AMAT) earnings report Q2 EPS @1.22 vs @1.14,  revenue $4.57B vs $4.45B
  • Abeona Therapeutics (ABEO) pushing back clinical development timeline for ABO-102.

Thanks for reading.

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