Monday Upgrade Sends Apple and Netflix Soaring

Markets were up in low-volume trading today. The Dow posted a 26.32 point gain on the day, rising just 0.14% to 18,298.88. Upgrades to Apple and Netflix sent the NASDAQ out ahead of the pack, posting a 0.60% gain to close the day up 30.15 points to 5,078.44. The S&P 500 made gains as well, rising 6.47 points to close at 2,129.20.

In overseas trading, markets around the world were up today. Germany's DAX and Japan's Nikkei lead the charge, gaining 149 and 158 points respectively. Hong Kong's Hang Seng was the big exception, and it posted a -220 point loss.

Apple, Netflix Get Upgrades By FBR Capital.  Some big names picked up a boost today when FBR Capital revised their position on a few stocks.
Netflix (NFLX) and Dynaheir (DHR) come as no surprise to any investor who has been paying careful attention to the market. Apple (AAPL) received an upgrade despite a soft quarter on earnings. AMAG Pharmaceuticals (AMAG) also got the nod, based on strong year over year performance and a recent share price surge.

Netflix (NFLX), which has been in talks recently to expand its streaming service into China and eventually across Asia, rose 4.64 points on the news. Shares of Netflix closed at $617.89. Apple (AAPL) was up 1.40 points on the upgrade, and closed at $130.17.  AMAG Pharma (AMAG) made the most of the upgrade with a 3.32 point gain to close the day at $65.29. Danaher (DHR) gained 0.81 points and ended the trading day at $87.26 per share.

Skyworks Solutions Strong On High Volume.  On an otherwise low-volume day, Skyworks Solutions (SWKS) stood out for being at the center of a buying frenzy. Activity for the stock was up more than 200% as everyone rushed to get a piece of the rising semiconductor manufacturer. Skyworks posted a XX point gain on the day, rising XX% to close at XX.

Oil Can't Beat $60 And Energy companies Are Suffering.  Oil ended last week's rally barely over the $60 ceiling, and it's fallen back down about a dollar since then. It's no secret that domestic energy companies miss the days of $120 barrels, but those days are gone -- at least for now. With oil at post-recession prices, America's energy companies are taking a beating. The energy sector consistently leads the market in losses.

If Nothing Else, At Least The Brokers Are Making Money.  If the market is bad, invest in gold or bonds. If the market is really bad, well, you can always just buy shares of the brokerages. Since they make money on nearly every transaction regardless of what the market is doing, the financial services sector can be one of the ports that you look to during a storm of bearish falling stocks.

eTrade (ETFC) was up 2.83% in trading today, gaining 0.82 points to close at $29.83 per share. Raymond James (RJF) rose 1.59%, or 0.92 points, to close the day's trading at $58.85. Broadridge Financial Solutions (BR) gained 1.03 points to close at $53.78.
Published on May 18, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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