Freeport-McMoRan Leads SPY by 5.03% on September 10, 2015
The SPY rose 0.54% on September 10. US investors, despite the Fed’s upcoming rate hike decision, were calm. All SPDR sectors except utilities rose.
The SPY has been rising subtly after its humble start on September 1. The rising US dollar reflects the growing strength of the US economy.
After considerable variation in late August, the SPDR S&P 500 ETF (SPY) experienced fewer fluctuations on Thursday, September 3.
The Federal Reserve Board of Governors released its report on consumer credit outstanding in the United States on Tuesday, September 8.
Labor market conditions have a direct bearing on consumer spending. When labor market conditions are up, households have more income.
According to the latest “Employment Situation Summary” report, the healthcare and social assistance, and financial activities sectors increased their job gains in August.
On August 28, Wipro closed the trading day at $11.83. That was 13% below its 100-day moving average, 05% below its 50-day moving average, and 15% below its 20-day moving average.
On July 23, 2015, Wipro (WIT) announced its 2Q15 results and reported revenues of $1.92 billion with gross profit of $589 million and diluted EPS of $0.14.
On August 28, 2015, IBM closed the trading day at $147.98. The stock was 30% below its 100-day moving average, 44% below its 50-day moving average, and 14% below its 20-day moving average.
Although IBM is not a major player in the IaaS segment, it’s focusing on migrating legacy systems to cloud. Cloud computing has generated about $8.7 billion in revenues for IBM in the TTM period.
IBM’s services and consulting businesses accounted for 25% of IBM’s revenues in 2Q15. Its software segment accounted for 45% for the same period.
In 2014, IBM acquired CrossIdeas, a company that creates software and manages access to data and applications. IBM is competing with FireEye to acquire CyberArk Software (CYBR).
On July 21, 2015, IBM announced its 2Q15 results, reporting revenues of $20.81 billion and non-GAAP EPS of $3.84. On a year-over-year basis, revenues and EPS both fell 13% in 2Q15.
Teradata (TDC) generated investor returns of -35.43% in the trailing 12-month period and -20.53% in the trailing one-month period. Its share price fell 2.29% in the trailing five-day period.
On August 20, 2015, Teradata announced that its board of directors has authorized an additional $500 million for share purchases under the company’s general open market share repurchase program.
On August 6, 2015, Teradata declared its 2Q15 results and reported revenues of $623 million, missing analysts’ estimates of $651 million. Diluted EPS fell from $0.72 in 2Q14 to $0.53 in 2Q15.
All the component sectors of the SPDR S&P 500 ETF (SPY) went completely red on September 1 due to news about the sharp slowdown in China’s manufacturing activity.
Windstream Holdings (WIN) was the top gainer of the day among the 502 stocks in SPY. It returned 7.96% on September 2.
The energy sector was the sole gainer on August 31. This move was largely triggered by the soaring oil prices and the fall in the US oil inventory.
Energy stocks continued their upward movement for the fourth straight day, and the SPDR S&P 500 ETF fell by 0.81% on August 31.