A Few Notes on Today’s Market

Today was an unusual day for the market. At one point, the Dow was up 461 points. At its low, the Dow was down 190 points. It closed down 123 points.

Middleby (MIDD) closed up 7.95%. At one point, it was up more than 20%.

Ansys (ANSS) crushed earnings but had lousy guidance. The stock gained 1.4% today but is down 3.8% in the after-hours session.

Disney (DIS) lost 3.77% which is nearly $9 billion in market cap. That suggests that Robert Iger is worth a lot to the business.

Trex (TREX) fell 5% today even though it was up yesterday. Some analysts pared back their Q1 forecasts.

Posted by on February 26th, 2020 at 5:06 pm


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