Weekly Market Recap. April 23-27, 2018


28-Apr-2018 01:08 AM



   This week the main focused was corporate earnings in the technology sector. In case you missed all the trading action movers with earning report. We have this weekly recap here. 

   For the complete earning report, recap visit our page link

    Monday economic data: Existing Home Sales 5.60M vs 5.55m, Manufacturing PMI 56.5 vs 55.2. Dow Jones -14.25%, SPY -0.04%, IWM -0.15%, QQQ -0.25% and IBB -0.16%.

    Tuesday U.S. market open gap up from corporate earnings, leading the beat was Caterpillar Inc (CAT). Consumer confidence at 128.7 in April, vs 126 expected.  U.S. 10Y bond hit 3 level. The intraday rise in 10Y bond yield spooks investors with the market selling off. Dow Jones closed -424.56 points, SPY -1.35%, QQQ -2.12%, IWM -0.57%, IBB -1.45%.

   Wednesday stock market continues to pullback despite good earning beats from Boeing (BA), Caterpillar Inc (CAT) and many others (See companies earning reports below). Dow Jone drops -200 intraday with worries of high-interest rate.  The market made a 300 points recovery at end of the day. Dow Jones +59.70%, SPY +0.25%, QQQ +0.12%, IWM -0.15%, IBB -0.01%.

   Thursday U.S. Jobless claims lowest in 49 years.  Initial Jobless Claims 209k vs 230k, Core Durable Goods Orders 0.0% vs 0.5%.


  • Prothena Corporation PLC  (PRTA)- discontinue development of NEOD001 for AL amyloidosis. Stock traded down -69.23% intraday. The #BiotechCalculator predicted right. 
  • Akorn, Inc (AKRX)- Fresenius terminates the merger
  • Box Inc (BOX) hedge fund Chamath Palihapitiya like the stock and best idea at Sohn




Friday: Genprex, Inc (GNPX) stock up +38.27% on interim data results showed four of patients had tumor regressions.

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