Market 2018-04-19 (Treasury, AAPL, PM, and more)

Treasury yields headwind is back, which triggered the correction in Feb. 

30-year -0.69%. 10-yr -0.26%. 5-yr -0.11%. TLT -0.8%.

 Crude -0.35% to $68.23. Gold -0.44% to $1,347.60. UUP +0.3%

Winners

Blackstone (BX +1%) beats, boosts buyback, sets special payout. XLF +1.6%, MS +2.7%

 AXP +7.7% after ER beats.

GWW +5.3% after ER beats: Q1 EPS of $4.18 beats by $0.76. Revenue of $2.76B (+8.7% Y/Y) beats by $50M.

Amazon (AMZN +1.9%): Amazon.com tops 100M Prime members.

FB +1% is hanging between $165 and $170, ahead of earnings on 4/25. GOOG +1.5% will report earnings on 4/23.

Losers

NUE -0.6% beats, helped by higher steel price. X -0.4%. Bad news for Automakers: GM -3%, F -3.3%.

Semiconductor sector is sold off today SOXX -4.4%, SOXL -13%. Taiwan Semiconductor (TSM -5.7%) cut its guidance with a strong pointer to iPhone (AAPL -2.8%) weakness. LRCX -6.6%, AMAT -6.5%, KLAC -5.5%, MU -4.8%, NVDA -3.1%, WDC -2.4%, INTC -2.6%...

PM -15.6%, reported mixed ER: Q1 EPS of $1.00 beats by $0.10. Revenue of $6.89B (+13.7% Y/Y) misses by $100M. MO -6%, BTI -4.8%

United Rentals (URI -6.5%) trades lower despite posting higher Q1 revenue and net income. Investors are latching on to the company's gross margin rate that came in below estimates (37.3% vs. 39.3% consensus).

PG -4.2% despite ER beats: Q1 EPS of $1.00 beats by $0.01. Revenue of $16.28B (+4.3% Y/Y) beats by $60M. Organic sales increased in the beauty (+5%) and fabric & home care (+3%) categories, while declining in grooming (-3%) and baby/feminine/family care (-3%).

Align Tech (ALGN -8.8%) after MS downgrade.

Novartis (NVS -3.3%) Q1 results weigh on pharma stocks: ABBV -1.4%, AGN -4.2%, BMY -1.3%, NVO -2.1%, GSK -1.4%, CELG -1.5%...

Mattel (MAT -3.2%) Chief Executive Officer Margaret Georgiadis is in talks to leave the toy company. In AH, the company names Ynon Kreiz as its new CEO to replace the departing Margo Georgiadis, shares +3.9% in AH.

Earnings in AH

E*TRADE Financial (ETFC): Q1 EPS of $0.88 beats by $0.12. Revenue of $708M (+28.0% Y/Y) beats by $33.35M. Shares -2.6% in AH.

Skechers (SKX): Q1 EPS of $0.75 in-line. Revenue of $1.25B (+16.8% Y/Y) beats by $50M. Shares -17.2% in AH amid disappointing guidance.

My Trades Today

Bought BGS, small position
Bought AMAT, small position

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