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446 East Main Street | P.O. Box 1837 (zip code 42102) | Bowling Green, KY 42101 | 800-679-1691 | Map/Directions
Bowling Green



446 East Main Street
P.O. Box 1837 (zip code 42102)
Bowling Green, KY 42101

800-679-1691

Peter Mahurin
Senior Vice President
Branch Manager
270/781-1691
PMahurin@hilliard.com

Welcome to Hilliard Lyons

When you partner with Hilliard Lyons, you have the comfort of knowing that your Financial Consultant will guide you toward a portfolio appropriate for you. The experience of your Hilliard Lyons Financial Consultant will keep you focused on long-term goals, regardless of which way the market is moving at the moment.

Hilliard Lyons' Financial Consultants do not take a packaged approach to investing. They are committed to finding the most appropriate investments for you. Toward this end, we encourage you to ask questions of our Financial Consultants and to field questions from them. They are trained to raise issues that may not be obvious on the surface. We invite you to call or email us today to find out how we can help you accomplish your financial objectives.

For more information about our Financial Consultants, visit their websites:
The Mahurin Group
http://mahuringroup.hilliardfc.com/

Matthew T. Garrett, CFP®
http://www.mtgarrett.hilliardfc.com/

Robert Crawford, CWA®
http://www.rcrawford.hilliardfc.com/

Daily Market Comment

Daily Market Recap -


Updated Each Business Day at Approximately 4:30 pm ET.



US stocks ended in mixed territory following a fairly sedate Wednesday session. Investors considered the Federal Reserve minutes that were released, indicating another interest rate increase was likely though with tepid inflation in mind the pace could go more slowly than anticipated, according to MarketWatch. Shares of Hewlett Packard Enterprise were down nearly 7 percent after yesterday's lower than anticipated fiscal first quarter forecast and the announcement of CEO Meg Whitman's upcoming departure. Economic data was mixed. Initial jobless claims for the week of November 12th were lower than expected, as were October's durable-goods orders. Alternately, consumer sentiment, as read by the University of Michigan, beat forecasts at 98.5.

The DJIA lost 64.65 points at 23526.18, the S&P 500 shed 1.95 points at 2597.08, and the NASDAQ Comp gained 4.88 points to 6867.36. Dow Transports rose 11.94 points to 9626.66, while the Dow Jones Utility Index and Russell 2000 each slipped less than a point and ended the session at 757.73 and 2597.08, respectively. 669 million and 408 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on both the NYSE and NASDAQ roughly 4 to 3. The markets will be closed on Thursday for the Thanksgiving holiday.

The US dollar weakened versus major rivals, which helped boost gold futures. Gold for December delivery added 0.8 percent, settling at $1292.20 per ounce. Traders responded positively to data showing a better than expected decline in crude supplies in the US, sending oil prices to highs not seen since June 2015. January WTI crude jumped 2.1 percent, settling at $58.02 per barrel. Recent US treasury yields: 1.73 percent for the 2-year note, 2.05 percent for the 5-year note, 2.32 percent for the 10-year note, and 2.74 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

On Tuesday the tech sector led US stocks higher. Shares of Dow 30 component Apple led the way, closing up nearly 2 percent. Earnings season continued, with Medtronic and Dollar Tree among companies higher after beating street expectations, while Lowe's, Campbell Soup Co., and Signet Jewelers were lower after missing analyst forecasts. In economic news, the National Association of Realtors said October's previously-owned home sales rose to a better than expected annual rate of 5.48 million. The national economic activity index of the Chicago Fed increased from positive 0.36 in September to positive 0.65 last month.

The DJIA jumped 160.50 points to 23590.83, the S&P 500 added 16.89 points to 2599.03, and the NASDAQ Comp rallied 71.76 points to 6862.48. Dow Transports soared 92.77 points to 9614.72, the Dow Jones Utility Index gained 2.01 points at 757.97, and the Russell 2000 small caps ended the session 15.46 points higher at 1518.86. 828 million and 489 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on both the NYSE and NASDAQ roughly 2 to 1.

The US dollar struggled again on Tuesday versus major rivals, and helped bolster gold for December delivery 0.5 percent. The precious metal settled at $1281.70 per ounce. January WTI crude logged a gain of 0.7 percent, settling at $56.83 per barrel. Recent US treasury yields: 1.77 percent for the 2-year note, 2.10 percent for the 5-year note, 2.36 percent for the 10-year note, and 2.76 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

US stocks started the week in mostly positive territory, as investors seemed to be focusing on potential tax reform and corporate earnings. Weakness in the energy and health care sectors were offset by higher shares in telecom, industrials, and financials. Dow 30 components 3M Company and Home Depot led that index on the upside, gaining 0.9 and 1.6 percent, respectively, while General Electric, off 1.3 percent, and Merck & Co., off 2 percent, led on the downside.

On Monday the DJIA added 72.09 points at 23430.33, the S&P 500 rose 3.29 points to 2582.14, and the NASDAQ Comp gained 7.92 points at 6790.71. Dow Transports jumped 38.86 points to 9521.95, the Dow Jones Utility Index slipped 2.12 points to 755.96, and the Russell 2000 small caps ended the session 10.57 points higher at 1503.39. 733 million and 465 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 17 to 11 and on the NASDAQ 3 to 2.

Political uncertainty in Germany bolstered the US dollar versus major rivals; inversely, gold for December delivery lost 1.6 percent, settling at $1275.40 per ounce. December WTI crude gave up 0.8 percent, and settled at $56.09 per barrel. US treasury yields were mostly higher. Recent yields: 1.75 percent for the 2-year note, 2.09 percent for the 5-year note, 2.37 percent for the 10-year note, and 2.78 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

To end the week US stocks were in the red, for the most part, as investors digested tax reform uncertainty and media reports regarding subpoenas related to Special Counsel Mueller's Russia probe. Shares of Foot Locker jumped 28.4 percent and shares of Hibbett Sports were 15.2 percent higher after each company bested street expectations for quarterly results. Tesla gained 0.8 percent following last night's launch of Semi, a big rig that's semi-autonomous and electric. There were media reports Verizon and Comcast are considering acquiring part(s) of 21st Century Fox; shares of VZ and FOXA were up 1.5 and 6.2 percent, respectively, while CMCSA lost 2.5 percent.

On Friday the DJIA lost 100.12 points to 23358.24 (down 0.3 percent for the week), the S&P 500 was off 6.79 points at 2578.85 (down 0.1 percent for the week), and the NASDAQ Comp fell 10.50 points to 6782.79 (up 0.5 percent for the week). Dow Transports slid 110 points at 9483.09, the Dow Jones Utility Index lost 6.11 points at 758.08, and the Russell 2000 small caps ended the session 5.94 points higher at 1482.82. 875 million and 524 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 9 to 5 and on the NASDAQ 3 to 2.

December WTI crude rose 2.6 percent, settling at $56.55 per barrel. The US dollar was weaker versus major rivals. Gold for December delivery edged up another 1.4 percent and settled at $1296.50 per ounce. US treasury yields were mostly lower. Recent yields: 1.72 percent for the 2-year note, 2.05 percent for the 5-year note, 2.34 percent for the 10-year note, and 2.78 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --

A tax bill expected to lead to corporate tax cuts was passed by the House of Representatives today and investors reacted positively to the news, sending US markets higher. The Dow Jones Industrial Average was also helped by better than expected earnings results from components Wal-Mart Stores and Cisco Systems, which closed up 10.9 and 5.2 percent, respectively. Earnings season continued elsewhere: JM Smucker and NetApp also bested street expectations with their quarterly results, and shares rose 9.6 and 15.9 percent, respectively.

The DJIA rallied 187.08 points to 23458.36, the S&P 500 added 21.02 points at 2585.64, and the NASDAQ Comp gained 87.08 points to 6793.29. Dow Transports jumped 152.22 points at 9593.09, the Dow Jones Utility Index lost 3.03 points at 764.19, and the Russell 2000 small caps ended the session 22.71 points higher at 1486.81. 776 million and 501 million shares were traded on the New York Stock Exchange and NADAQ, respectively. Advancers outnumbered decliners on the NYSE 3 to 1 and on the NASDAQ 11 to 4.

Increasing US crude supplies and domestic production and an outlook for decreased global demand weighed on oil prices, with December WTI crude down 0.3 percent, settling at $55.14 per barrel. The US dollar was slightly stronger versus major rivals after the House of Representative's tax bill passing. Gold for December delivery edged up to settle at $1278.20 per ounce. US treasury yields increased. Recent yields: 1.71 percent for the 2-year note, 2.07 percent for the 5-year note, 2.37 percent for the 10-year note, and 2.82 percent for the 30-year bond.

-- Clients with questions concerning this Afternoon Comment are advised to contact Amanda Collier at 1-800-444-1854 x8820 or (502) 588-8820. Members of the media are advised to contact Gary England at 1-800-444-1854 x1738 or (502) 588-1738. --
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