Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



A Wild Day in the S&P

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Have investors gone completely crazy? Or have they just gotten smarter? The S&P 500 (INDEX: ^GSPC  ) posted a .72% gain today, despite Moody’s delivering its dreaded downgrades to 15 global banks. The broad markets are looking eerily similar to last week, when negative news sent markets higher.

“The banks have gotten so much better in the last few years in terms of capital, yet their ratings keep going down … the ratings were so wrong before,” explained Morningstar credit analyst James Leonard, calling the downgrades a “mea culpa” from Moody’s. In other words, the downgrades simply reflect the actual market value of the banks. And, after yesterday’s sell-off, investors saw value.

Despite German business confidence shrinking to its lowest level in over two years, according to Munich-based ifo institute, the market performed rather well today.

In the U.S., Walgreen (NYSE: WAG  ) saw an impressive 1.5% gain. To those watching the company closely, this is not surprising, because  the pharmacy company is still correcting after investors chucked it on Wednesday, dropping it more than 10% after news that it would buy a 45% stake in Alliance Boots. Walgreen CEO Greg Wasson is hoping to gain a foothold in China and Europe through the new merger, and investors are starting to buy into his optimism. The company is up 3.3% since Wednesday’s low.  

Also leading the charge forward was Netflix (Nasdaq: NFLX  ) , which saw a nearly 3% gain on the day. This is likely a delayed reaction to yesterday’s headlines, and the news that 69% of consumers would pay a small fee for online videos. The fee happens to fall within Netflix’s cheapest monthly subscription, so the news looks promising for the video giant. Or, perhaps investors are continuing their contrarian trend, and buying Netflix because a closed-captioning lawsuit against it was allowed to advance.

Ryder System (NYSE: R  ) brings up the rear in the S&P, falling more than 13% on its faltering earnings outlook. The 2Q2012 EPS forecast fell $.17, to $0.90 to $0.95, and the full-year EPS forecast fell into the $3.65 to $3.85 range, a heavy drop from the earlier projection of $4.02 to $4.12. The company reiterated that the forecast still shows a 5% to 10% increase from the $3.49 posted in 2011.

Make sure to add these companies to our free watchlist feature to get up-to-date analysis whenever news breaks. To get started, click on any company below:

Add Walgreen to My Watchlist.

Add SPX to My Watchlist. 

Add Ryder System to My Watchlist.

Add Netflix to My Watchlist.

Will Chavey owns no shares in the companies listed above. The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Netflix. The Motley Fool has a disclosure policy.

We Fools may not all hold the same opinions, but we all believe that 
considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (9)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1922006, ~/Articles/ArticleHandler.aspx, 10/22/2016 6:06:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 20 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:47 PM
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars
NFLX $127.50 Up +4.15 +3.36%
Netflix CAPS Rating: ***
R $64.43 Up +1.28 +2.03%
Ryder System CAPS Rating: ****
WBA $81.57 Up +0.55 +0.68%
Walgreens Boots Al… CAPS Rating: ****