November 20, 2015 / 10:01 PM / 2 years ago

BUZZ-U.S. stocks weekly: Cons Disc and Tech sizzle, Energy bets fizzle

2 Min Read

** The S&P 500 bounced back, posting its best week this year with a 3.2-pct gain, after the Fed's minutes signaled a rate liftoff next month is nearly in stone

** Market strength still remains narrow, however, with concentrated bets in the biggest names, as the Nasdaq 100 saw a "golden cross" and is marching back towards its early Nov high

** Consumer discretionary led all sectors with top percentage gainer Netflix, a hedge fund darling in Q3 , still in position to break out

** And retail stocks snapped back from last week's bruising after Home Depot, Walmart and TJX Companies posted strong results

** Tech a close second as Goldman Sachs says Apple is a conviction buy and Intel's analyst day event inspires

** Conversely, health insurers and hospital operators wobbled after UnitedHealth Group warned of a potential Obamacare exit , while Aetna and Anthem sought to reassure that they are not in same camp

** Energy stocks still in a rut as hedge funds slash bullish oil bets to Aug lows as crude stockpiles surge

** On the new listings front, Jack Dorsey's Square and Barry Diller's Match Group left plenty on the table for investors amid a sputtering IPO market

** Meanwhile, SunEdison convulsed as speculation swirled about a potential backstop

Messaging: RM: lance.tupper.tr.com@reuters.net

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