Industrials, Oil & Gas, and Consumer Goods Lead Market Rally

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Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer sentiment number, as the S&P 500 is currently up 9 points (0.8%) to 1,181. The Dow Jones Industrial Average is posting a 132 point gain (1.2%) to 11,275, while the NASDAQ, which is the “weakest” area of the market, is currently up 19 points (0.8%) to 2,511. Keep a close eye on the NASDAQ throughout the afternoon session. The early relative weakness may serve as an indicator of a late session rollover. Today's rally is being led by the Industrials, Oil & Gas, and Consumer Goods sectors, which are currently up 1.9%, 1.5%, and 1.4% respectively.
The strongest stocks in the S&P 500 Industrials sector in today's action currently are:
1) Agilent Technologies
A
: Shares of Agilent are currently trading up 5.9% from yesterday's close to $36.54. 2) Ingersoll Rand Public Ltd.
IR
: Shares of Ingersoll Rand are currently trading up 4.4% from yesterday's close to $30.38. 3) Pall
PLL
: Shares of Pall are currently trading up 4.3% from yesterday's close to $48.10. 4) Rockwell Automation
ROK
: Shares of Rockwell are currently trading up 4.2% from yesterday's close to $64.65. 5) Boeing
BA
: Shares of Boeing are currently trading up 4.1% from yesterday's close to $61.65.
The strongest stocks in the S&P 500 Consumer Goods Sector in today's action currently are:
1) The Goodyear Tire & Rubber Co.
GT
: Shares of Goodyear are currently trading up 9.2% from yesterday's close to $13.73. 2) Polo Ralph Lauren
RL
: Shares of Polo are currently trading up 6% from yesterday's close to $138.35. 3) Newell Rubbermaid
NWL
: Shares of Rubbermaid are currently trading up 5.2% from yesterday's close to $13.45. 4) Brown Forman
BFB
: Shares of Brown Forman are currently trading up 5% from yesterday's close to $67.55. 5) Harman International
HAR
: Shares of Harman are currently trading up 5.7% from yesterday's close to $33.48.
The strongest performing stocks in the S&P 500 Oil & Gas sector in today's action currently are:
1) Chesapeake Energy
CHK
: Shares of Chesapeake are currently trading up 3% from yesterday's close to $31.82. 2) Newfield Exploration
NFX
: Shares of Newfield are currently trading up 2.9% from yesterday's close to $55.28. 3) Chevron
CVX
: Shares of Chevron are currently trading up 2.9% from yesterday's close to $96.78. 4) Marathon Petroleum
MPC
: Shares of Marathon are currently trading up 2.7% from yesterday's close to $38.36. 5) Nabors Industries
NBR
: Shares of Nabors are currently trading up 2.4% from yesterday's close to $19.32.
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Posted In: Long IdeasNewsShort IdeasIntraday UpdateMoversTrading IdeasAerospace & DefenseApparel, Accessories & Luxury GoodsConsumer DiscretionaryConsumer ElectronicsElectrical Components & EquipmentEnergyHousewares & SpecialtiesIndustrial MachineryIndustrialsIntegrated Oil & GasOil & Gas DrillingOil & Gas Exploration & ProductionS&P 500 Consumer Goods SectorS&P 500 Industrials SectorS&P 500 Oil & Gas SectorTires & Rubber
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