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The morning rally stops as the market weighs strong profits with concerns about interest rates

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The stock regained its morning gains on Thursday as the market weighed strong corporate earnings in the first quarter amid rising interest rates and inflation.


The S&P 500 was down 0.1%, the Nasdaq Composite was down 0.4% and the Dow Industrials were down 0.1% at noon on ET. The small capitalization also reduced their early rise, and Russell 2000 has now fallen 0.6%.


Fed Chairman Jerome Powell is scheduled to speak shortly at 1pm on ET at the International Monetary Fund debate on the global economy.



United Airlines ( UAL) leads the S&P 500 with an increase of 11% today, despite insufficient earnings estimates in the first quarter. Instead, investors focused on the company’s optimistic forecast for the second quarter and the rest of 2022.


The third largest airline in the world sees that the second quarter brought the highest revenue in its history.


As CEO Scott Kirby said in an interview with CNBC on Wednesday, “I’ve never in my career – and I’ve been in this industry for a long time – see such a growing demand for hockey sticks” from both vacationers and business travelers. .


While fuel costs have clearly risen, United and his colleagues have kept up, raising ticket prices. Don’t expect to buy tickets for summer travel!


Tamarack Valley Energy acquires Rolling Hills Energy for C $ 93 million




Tesla ( TSLA) on Thursday increased by 6% after analysts’ estimates for the first quarter did not increase.


The electric car maker has set record levels for quarterly revenue, car deliveries, operating profit and operating margin.


CFO Zachary Kirkhorn told investors at a earnings conference on Wednesday that “growth rates of 50% and above remain achievable throughout the year” despite a loss “of about a month of construction of our factory in Shanghai. for cessation of work related to COVID “.


Here’s what we’re up to by the end of this week:


Thursday, 13:00 ET, Fed Chairman Jerome Powell to speak at the IMF debate on the global economy
Thursday, after closing: Salary from Intuitive surgical ( ISRG) and Tie ( SNAP)
Friday, before marketing: profit from Verizon ( V.Z), American Express ( AXP), SAP ( SAP) and HCA Healthcare ( HCA)
Friday, 9:45 a.m. ET, S&P Global US Purchasing Managers’ Index
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Considering the data on options provided by the Tradier API, we note with interest that iron condor was the third most popular strategy last week. Iron condors are most profitable in non-target markets with low volatility.


Among the stock options, Apple ( AAPL) continues to be in greatest demand by bulls. After consolidating in the first half of April, which took more than 7% of the stock, Apple recouped half of those losses this week. The company is due to report earnings for the second quarter next Thursday, April 28, after closing.


Looking at the names of the bears, we see that the demand for them persists US Natural Gas Foundation ( ENT) options. Last week, UNG, which tracks NYMEX natural gas prices, reached a 52-week high. Natural gas futures continue to rise sharply, reaching a 13-year high amid supply cuts exacerbated by Russia’s prolonged invasion of Ukraine.



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Source: Stock news

Share price data is provided by IEX Cloud with a 15-minute delay. Chart cost data is provided by TradingView with a 15-minute delay.







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