“The Streak Continues” – Vista Partners Daily Market Recap 2/5/2019
As companies released generally positive earnings reports on Tuesday, US stocks rose once again – making this the fifth straight day of gains. The S&P 500 finished the session out with an increase of 0.47% (12.83 points) after just barely dipping into the red at midday. The Nasdaq had gains of 0.74% (54.55 points) as the market closed, and the Dow was up 0.68% (172.15 points).
Individual components of the Dow were mixed today but generally tended toward gains. Boeing (BA) was the top earner with an increase of 3.32%. DowDuPont (DWDP) also saw solid upward movement today as it rose 2.13%. Disney (DIS) finished the day with gains of 0.77% and reported its earnings after the bell. The company beat on both the top and bottom lines for the first-quarter of 2019.
Atossa Genetics (ATOS) did quite well today with an increase of 6.38% which puts the price per share at $1.50.
Google’s parent Alphabet (GOOG) released its report on Monday after the market closed. The tech giant reported that it had beat analysts’ expectations for both earnings and revenue. Its stock rose 1.16% today.
President Donald Trump will be making his State of the Union Address today, which has the potential to cause some major shifts in the market. Everything from infrastructure and drug pricing to the border wall and the trade war with China could be addressed and have an impact on stock performance.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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