The markets fell for the second session as only one out of the four major indices, the Russell 2000, finished in the green. In terms of energy, crude oil was up over 7%, gasoline was up almost 6%, and natural gas was up 0.56%. Also, bitcoin continued its downward price action today. Next, Scott Connor discusses the strength in energy, utilities, and consumer discretionary sectors. These stocks include Exxon Mobil (XOM), Chevron (CVX), Southern Company (SO), Tesla (TSLA), and TJX Companies (TJX). On the other hand, communication services, healthcare, and financial sectors saw weakness with names like Alphabet (GOOGL), Twitter (TWTR), Pfizer (PFE), PNC Financial (PNC), and Wells Fargo (WFC). Also, CarMax (KMX) had a mixed earnings announcement with $0.98 in EPS and $7.7B in revenue. The KMX stock price was down on the day following the news. Lululemon (LULU) announced that the company will start a resale program. Finally, Connor weighs in on the NFIB and the CPI data that impacted market
12 Apr 2022