The markets finished out the week on a positive note as news of a temporary deal to reopen the government helped support a strong start to the day. By the close the Dow 30 finished higher by 175, the S&P 500 added 25, and the Nasdaq 100 gained 91.
Next week the focus will likely be on earnings for the most part as over 100 companies in the S&P 500 will report.
The dollar completely erased all of yesterday's gains which sent the price of gold higher as well as the metals and miners including the gold and silver mining space. Technical traders will note the failure of the recent rally in the dollar to get back above the 50 day moving average.
Semiconductors continued their bullish move today after earnings from a handful of names in the sector reported earnings that were better than expected. Technical traders note the early December highs as the next resistance point.
DR Horton (DHI ) shares were lower today as the company missed earnings estimates. The company did beat on revenue expectations but stated that rising prices and higher interest rates have shown a small downtick in the demand for homes. Shares are still higher by 10% on the year. This makes it the 12th best performing stock in it's industry. Earnings growth is expected to be around 11.5% over the next 5 years which beats competitors like Lenar (LEN ) and Beazer Homes (BZH ) which are each expecting only 4% earnings growth.
Colgate Palmolive (CL ) shares traded in a wild range today despite the company reporting earnings and revenue that was better than expected. The company said that they expect lower sales and earnings for 2019 which was one reason for the volatility today. CL is the 5th best performing stock in this industry.
Starbucks (SBUX ) shares were higher today on higher earnings, revenue and U.S. sales growth. The company also noted consistent sales in China which further helped support share prices. Shares are within 2.5% of their 52 week highs.
MasterCard (MA ) shares were higher on the day after announcing that it stole as deal from Visa (V ) to buy a U.K. payments company Earthport for $3014.1 million. Despite the announcement, Visa shares were higher as well, hinting at a new technical breakout.