Equities Sector Coverage: Wall Street Ends Flat as Jobs Numbers Show Weakness

Sector Recap  |

Wall Street Ends Flat as Jobs Numbers Show WeaknessAutomatic Data Processing (ADP) projects that private-sector jobs increased by 119,000 in April, the lowest change since September 2011, and well below estimates calling for gain of 175,000. US Factory Orders fell 1.5% in March, the biggest decline since March 2009. The Dow Jones Industrial Average traded down to 13,192.21 followed by a rebound that could not turn the Dow green, and was below the new year-to-date high at 13,338.66 set on May 1st. The NASDAQ’s traded down to 3028.94, then rebounded to 3061.47 staying below its March 27th high at 3134.17.

Asian stocks were higher on Wednesday. The Nikkei 225 ended their session at 9,380 – up 0.31% on the day. The Hang Seng ended their session at 21,309 – up 0.93% on the day. European exchanges were mixed on Wednesday. The FTSE 100 ended their session at 5,758 – down 0.93% on the day. The DAX ended their session at 6,711 – down 0.75% on the day. The CAC 40 ended their session at 3,226 – up 0.42% on the day. The yield on the 10-Year US Treasury traded declined from 1.966 percent to 1.898 staying below its 50-day and 200-day simple moving averages at 2.077 and 2.072.

Gold declined from $1663.9 the Troy ounce to $1646.0 still below the 50-day and 200-day simple moving averages at $1673.8 and $1698.3. Crude oil declined from $106.05 per barrel to $104.91 versus its 50-day simple moving average at $105.23. The euro versus the dollar traded down from 1.3240 to 1.3126 versus its 50-day simple moving average at 1.3209.

Energy

Chesapeake Energy (CHK) was down 5.4% premarket after the company reported a Q1 net loss of $71 million due to a $167 million non-cash loss on its hedging program. Parker Drilling (PKD) beat Q1 EPS estimates by a nickel with a miss on the revenue line. Endeavor International (END) reported in-line revenue. Devon Energy (DVN) missed Q1 EPS estimates by 37 cents with in-line revenue. Vanguard Natural Resources (VNR) missed Q1 EPS estimates by eight cents with a miss on the revenue line. Enterprise Products Partners (EPD) reported Q1 EPS of 73 cents with a beat on the revenue line. World Fuel Services (INT) reported in-line Q1 EPS with a miss on the revenue line. Exco Resources (XCO) beat Q1 EPS estimates by four cents with a miss on the revenue line. Dow components – Chevron (CVX) – down 1.5%, Exxon Mobil (XOM) down 1.1%.
Energy Select Sector SPDR (XLE) was trading at $70.97 at 3:30 PM on Wednesday, down 1.79% on the day – up 2.66% year-to-date.

Materials

Barrick Gold (ABX) missed Q1 EPS estimates by a penny with a miss on the revenue line. Cabot (CBT) beat Q2 EPS estimates by seventeen cents with better than expected revenue. Yamana Gold (AUY) missed Q1 EPS estimates by a penny with a miss on the revenue line. Innophos Holdings (IPHS) reported in-line Q1 EPS with a beat on the revenue line. Chemtura (CHMT) beat Q1 EPS estimates by two cents with a beat on the revenue line. Dow components – Alcoa (AA) down 2.7%, DuPont (DD) down 0.4%.
The Materials Select Sector SPDR (XLB) was trading at $36.62 at 3:30 PM on Wednesday, down 0.73% on the day – up 9.31% year-to-date.

Industrials

Harsco (HSC) beat Q1 EPS estimate by three cents with a beat on the revenue line. Meritor (MTOR) beat Q2 EPS estimates by seven cents and missed on the revenue line. Cooper Tire & Rubber (CTB) beat Q1 EPS estimates by a nickel with a miss on the revenue line. Beazer Homes (BZH) reported a Q2 EPS loss of 48 cents with in-line revenue. Regal-Beloit (RBC) beat Q1 EPS estimates by a nickel with a miss on the revenue line. Mueller Water Products (MWA) beat Q1 EPS estimates by three cents with a beat on the revenue line. Dow components – Boeing Co (BA) flat, Caterpillar (CAT) down 0.8%, General Electric (GE) down 0.9%, 3M Company (MMM) down 0.3%, United Technologies (UTX) down 0.4%.
The Industrial Select Sector SPDR (XLI) was trading at $37.07 at 3:30 PM on Wednesday, down 0.13% on the day – up 9.84% year-to-date.

Consumer Discretionary

Time Warner (TWX) reported an 11% decline in net income, even though many of the Turner networks enjoyed viewership gains. TWX affirmed its Fiscal Year outlook. Sinclair Broadcast Group (SBGI) beat Q1 EPS estimates by four cents, but missed on the revenue line. AC / InterActive (IACI) beat Q1 EPS estimates by a nickel with better than expected revenue. Comcast (CMCSA) beat Q1 EPS estimates by three cents with a beat on the revenue line. Gray Television (GTN) beat Q1 EPS estimates by four cents. True Religion Apparel (TRLG) beat Q1 EPS estimates by four cents with a beat on the revenue line. Nutrisystem (NTRI) missed Q1 EPS estimates by eight cents with a miss on the revenue line. Dow Components – Disney (DIS) down 1.0%, Home Depot up 0.7%, McDonalds (MCD) up 0.2%.
The Consumer Discretionary Select Sector SPDR (XLY) was trading at $46.06 at 3:30 PM on Wednesday, up 0.33% on the day – up 18.04% year-to-date.

Consumer Staples

Clorox (CLX) missed Q3 EPS estimates by two cents but beat on the revenue line. Cott (COT) beat Q1 EPS estimates by three cents but missed on the revenue line. Energizer (ENR) beat Q2 EPS estimates by thirteen cents with better than expected revenue. CVS Caremark's (CVS) reported better than expected earnings with retail Pharmacy same stores sales up8.4% with revenue up +32.3% Y/Y to $18.3 billion. CVS increased full year EPS guidance to $3.23-$3.33, from $3.18-$3.28. Dow components – Kraft (KFT) up 0.2%, Coca Cola (KO) flat, Procter & Gamble (PG) up 0.4%, Wal-Mart (WMT) up 0.3%.
The Consumer Staples Select Sector SPDR (XLP) was trading at $34.34 at 3:30 PM on Wednesday, up 0.20% on the day – up 5.69% year-to-date.

Health Care

Pfizer (PFE) is on the hunt for mid-size acquisitions in the $4 billion range for companies with promising treatments for diabetes, cancer and neurological conditions. Wellcare Group (WCG) beat Q1 EPS estimates by 78 cents with in-line revenue. Vical (VICL) beat Q1 EPS estimates by seven cents with a beat on the revenue line. Amerigroup (AGP) beat Q1 EPS estimates by seven cents but missed on the revenue line. Dow Components – Johnson & Johnson (JNJ) flat, Merck (MRK) down 0.5%, Pfizer (PFE) down 0.5%.
The Health Care Select Sector SPDR (XLV) was trading at $37.54 at 3:30 PM on Wednesday, down 0.29% on the day – up 8.22% year-to-date.

Financials

Franklin Resources (BEN) beat Q1 EPS estimates by nine cents with a beat on the revenue line. MasterCard (MA) reported that their net income rose 21% to $682 million as processed transactions rise 29% to $7.7 billion the best quarterly growth rate since MasterCard's IPO in 2006. SEI Investments (SEIC) missed Q1 EPS estimates by a penny with in-line revenue. MasterCard (MA) beat Q1 EPS estimates by nine cents with better than expected revenue. Och-Ziff Capital Management (OZM) reported in-line Q1 EPS with a beat on the revenue line. Dow Components – American Express (AXP) up 0.6%, Bank of America (BAC) down 1.9%, JP Morgan Chase (JPM) down 1.5%, Travelers (TRV) down 0.3%.
The Financial Select Sector SPDR (XLF) was trading at $15.46 at 3:30 PM on Wednesday, down 0.83% on the day – up 18.92% year-to-date.

Information Technology

Cooper Industries (CBE) beat Q1 EPS estimates by six cents with better than expected revenue. Vishay Intertechnology (VSH) beat Q1 EPS estimates by four cents with a miss on the revenue line. Garmin (GRMN) beat Q1 EPS estimates by four cents with a beat on the revenue line. Bankrate (RATE) missed Q1 EPS estimates by three cents. Silicon Image (SIMG) reported in-line Q1 EPS of -$0.01 in-line with a slight beat on the revenue line, and they announce a $50 million share repurchase program. Flextronics International (FLEX) beat Q1 EPS estimates by sic cents with a miss on the revenue line. Broadcom (BRCM) beat Q1 EPS estimates by eleven cents with a beat on the revenue line. Dow Components – Cisco Systems (CSCO) down 1.1%, Hewlett-Packard (HPQ) down 0.4%, IBM (IBM) down 0.1%, Intel Corp (INTC) up 0.4%, Microsoft (MSFT) down0.8%.
The Technology Select Sector SPDR (XLK) was trading at $29.88 at 3:30 PM on Wednesday, down 0.13% on the day – up 17.41% year-to-date.

Telecommunication Services

Vonage (VG) beat Q1 EPS estimates by two cents on better than expected revenue. Ubiquiti Networks (UBNT) beat Q3 EPS estimates by three cents with in-line revenue. Time Warner Telecom (TWTC) beat Q1 EPS estimates by two cents with a modest beat on the revenue line. Dow components – AT&T (T) flat, Verizon (VZ) flat.
The NASDAQ Telecommunications Index (IXTC) was trading at $209.20 at 3:30 PM on Wednesday, down 0.69% on the day – up 6.23% year-to-date.

Utilities

Allete (ALE) missed Q1 EPS estimates by fourteen cents with a miss on the revenue line. Public Service Enterprise Group (PEG) reported flat operating income, and stated that lower costs helped PEG in dealing with a warmer winter, lower demand and a collapse in gas prices. Public Service Enterprise Group (PEG) beat Q1 EPS estimates by thirty cents. Dominion Resources (D) down 0.9%, Edison International (EIX) down 1.1%, First Energy (FE) down 0.4%, PG&E Corp (PCG) up 0.4%, Southern Company (SO) down 0.4%.
The Utilities Select Sector SPDR (XLU) was trading at $35.60 at 3:30 PM on Wednesday, down 0.69% on the day – down 1.06% year-to-date.

STOCKS: CVX, XOM, CHK, PKD, END, DVN, VNR, EPD, INT, XCO, AA, DD, ABX, CBT, AUY, IPHS, CHMT, BA, CAT, GE, MMM, UTX, HSC, MTOR, CTB, BZH, RBC, MWA, DIS, HD, MCD, TWX, SBGI, IACI, CMCSA, GTN, TRLG, KFT, KO, PG, WMT, CLX, COT, CVS, ENR, JNJ, MRK, PFE, WCG, VICL, AGP, AXP, BAC, JPM, TRV, BEN, MA, SEIC, OZM, CSCO, HPQ, IBM, INTC, MSFT, CBE, VSH, GRMN, RATE, SIMG, FLEX, BRCM, T, VZ, VG, UBNT, TWTC, D, EIX, FE, PCG, SO, ALE, PEG

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Companies

Symbol Name Price Change % Volume
MMM 3M Company 199.84 -2.12 -1.05 1,587,360 Trade
PG Procter & Gamble Company (The) 81.52 0.09 0.11 5,068,285 Trade
GE General Electric Company 12.45 -0.32 -2.51 67,099,411 Trade
CVX Chevron Corporation 122.44 -0.90 -0.73 4,360,635 Trade
SO Southern Company (The) 46.40 0.27 0.59 4,918,171 Trade
PCG Pacific Gas & Electric Co. 42.79 0.12 0.28 7,920,306 Trade
CLX Clorox Company (The) 141.22 1.01 0.72 648,407 Trade
JNJ Johnson & Johnson 130.22 -0.53 -0.41 3,778,022 Trade
SBGI Sinclair Broadcast Group Inc. 27.90 0.00 0.00 1,101,274 Trade
WMT Walmart Inc. 89.64 -0.54 -0.60 5,879,641 Trade
AA Alcoa Corporation 44.45 -0.53 -1.18 4,337,588 Trade
COT Cott Corporation 15.55 0.18 1.17 726,819 Trade
INTC Intel Corporation 48.45 -0.40 -0.82 17,070,585 Trade
IBM International Business Machines Corporation 142.71 -1.77 -1.23 2,858,842 Trade
D Dominion Energy Inc. 69.82 -0.87 -1.23 5,385,513 Trade
TRV The Travelers Companies Inc. 128.05 -0.82 -0.64 1,209,842 Trade
CHMT Chemtura Corp. n/a n/a n/a 0 Trade
OZM Och-Ziff Capital Management Group LLC Class A Shares representing Class A limited liability company interests 1.97 0.00 0.00 447,592 Trade
MMMM.TEST null n/a n/a n/a 0 Trade
CBT Cabot Corporation 63.71 -0.82 -1.27 399,182 Trade
GRMN Garmin Ltd. 63.54 -0.29 -0.45 996,349 Trade
EIX Edison International 66.84 0.21 0.32 1,305,568 Trade
SEIC SEI Investments Company 59.47 -0.05 -0.08 885,411 Trade
BZH Beazer Homes USA Inc. 12.75 -0.47 -3.56 522,583 Trade
BEN Franklin Resources Inc. 32.04 -0.05 -0.16 1,862,728 Trade
JPM JP Morgan Chase & Co. 113.89 -1.84 -1.59 10,340,337 Trade
AXP American Express Company 101.81 0.23 0.23 3,389,332 Trade
MTOR Meritor Inc. 21.22 -0.17 -0.79 834,261 Trade
UTX United Technologies Corporation 132.18 -0.92 -0.69 2,527,302 Trade
IPHS Innophos Holdings Inc. 43.43 -0.62 -1.41 54,158 Trade
PKD Parker Drilling Company 3.45 -0.25 -6.76 66,459 Trade
CSCO Cisco Systems Inc. 43.75 -0.03 -0.07 18,113,164 Trade
DIS The Walt Disney Company 112.12 -0.56 -0.50 6,082,324 Trade
HSC Harsco Corporation 24.70 0.05 0.20 274,747 Trade
VZ Verizon Communications Inc. 52.22 -0.25 -0.48 9,919,413 Trade
ABX Barrick Gold Corporation 10.50 -0.33 -3.05 13,799,286 Trade
BAC Bank of America Corporation 30.48 -0.71 -2.28 63,960,630 Trade
MCD McDonald's Corporation 158.14 -0.54 -0.34 2,879,590 Trade
CTB Cooper Tire & Rubber Company 28.95 -1.10 -3.66 637,924 Trade
RBC Regal Beloit Corporation 80.25 -0.35 -0.43 124,866 Trade
AUY Yamana Gold Inc. (Canada) 2.87 -0.16 -5.28 14,960,031 Trade
ALE Allete Inc. 77.01 0.33 0.43 130,655 Trade
WCG Wellcare Health Plans Inc. 289.99 3.09 1.08 596,906 Trade
HD Home Depot Inc. (The) 194.14 -2.16 -1.10 5,294,354 Trade
XOM Exxon Mobil Corporation 78.56 -0.86 -1.08 10,308,844 Trade
PFE Pfizer Inc. 40.81 -0.12 -0.29 18,843,100 Trade
VNR Vanguard Natural Resources LLC n/a n/a n/a 0
HPQ HP Inc. 23.80 -0.19 -0.79 4,631,452 Trade
BA The Boeing Company 338.36 -1.05 -0.31 1,877,248 Trade
MRK Merck & Company Inc. (new) 66.72 0.65 0.98 9,516,805 Trade
DVN Devon Energy Corporation 42.07 -0.77 -1.80 5,861,508 Trade
CVS CVS Health Corporation 69.50 0.45 0.65 6,795,474 Trade
GTN Gray Communications Systems Inc. 16.25 0.00 0.00 712,103 Trade
ENR Energizer Holdings Inc. 62.97 0.26 0.41 219,363 Trade
EPD Enterprise Products Partners L.P. 29.32 -0.28 -0.95 3,064,782 Trade
FE FirstEnergy Corp. 36.36 0.12 0.33 2,144,256 Trade
BRCM Broadcom Corp. n/a n/a n/a 0 Trade
IACI IAC/InterActiveCorp n/a n/a n/a 0 Trade
KO Coca-Cola Company (The) 45.83 -0.25 -0.54 8,143,398 Trade
T AT&T Inc. 32.21 -0.05 -0.15 22,779,435 Trade
MWA MUELLER WATER PRODUCTS 11.58 -0.12 -1.03 453,754 Trade
CAT Caterpillar Inc. 135.02 -0.90 -0.66 3,879,449 Trade
FLEX Flex Ltd. 13.60 -0.13 -0.95 2,659,129 Trade
VICL Vical Incorporated 1.31 -0.03 -2.24 66,510 Trade
VG Vonage Holdings Corp. 13.70 0.04 0.29 843,540 Trade
VSH Vishay Intertechnology Inc. 23.05 -0.15 -0.65 1,195,548 Trade
MSFT Microsoft Corporation 108.21 -0.79 -0.72 18,474,884 Trade
CHK Chesapeake Energy Corporation 4.44 -0.22 -4.72 28,212,792 Trade
INT World Fuel Services Corporation 26.12 -0.35 -1.32 495,585 Trade
PEG Public Service Enterprise Group Incorporated 51.72 0.40 0.78 2,149,610 Trade
CMCSA Comcast Corporation Class A Common Stock 35.04 -0.04 -0.11 15,910,626 Trade
UBNT Ubiquiti Networks Inc. 80.97 -0.44 -0.54 156,583 Trade

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